Potential Range Rebalance After Bullish Exhaustion on SP500SP 500 Cash IndexACTIVTRADES:USA500BeaucoupPipsBased on Candle Range Theory, the recent large bullish range has been followed by a series of smaller bearish candles, showing reduced momentum and potential exhaustion from buyers. Price is currently retracing into the lower range of the previous expansion, indicating that liquidity may be resting below. If price fails to reclaim the upper range of the previous bullish candle, we could see continuation to the downside as the market seeks equilibrium within or below that expansion range. However, a strong rejection from the lower boundary could confirm range preservation and set up another bullish leg. In short: the market’s next move depends on whether this retracement turns into a liquidity grab or a deeper correction beneath the prior candle range.