SPX500 TREND REVERSAL – BEARISH BREAKDOWN CONFIRMED

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SPX500 TREND REVERSAL – BEARISH BREAKDOWN CONFIRMEDS&P 500SP:SPXLucasCapital_ProπŸ’₯ SPX500 TREND REVERSAL – BEARISH BREAKDOWN CONFIRMED πŸ“‰πŸ”₯ SPX500 Technical Analysis (3H Timeframe) πŸ“Š Market Structure: Bearish Breakdown from Uptrend SPX500 was moving in a strong bullish trend with a clean ascending trendline. Price has now broken below this key trendline support with strong bearish momentum, indicating a potential shift in structure and continuation towards lower demand zones. πŸ”Ž Key Observations: β€’ Ascending trendline support clearly broken β€’ Strong bearish impulsive move β€’ Lower high formation after breakdown β€’ Retest possibility of broken trendline as resistance 🎯 Bearish Targets: β€’ TP1: 7,300 (1st Support Zone) β€’ TP2: 7,150 (Major Demand Zone) πŸ›‘ Stop Loss: Above 7,520 (Structure Invalidation Level) ❌ Invalidation: A strong move back above 7,520 will invalidate the bearish setup and may resume bullish trend. πŸ“‰ Bias: Bearish continuation expected as long as price remains below the broken trendline and fails to reclaim previous support.