S&P 500: Triangle Consolidation as Momentum WeakensS&P 500 IndexTVC:SPXOmorfusS&P 500: Triangle Consolidation as Momentum Weakens S&P 500 — 4H Timeframe Market Structure The S&P 500 remains within a broader bullish structure but is currently consolidating inside a narrowing triangle. Price is trading near the EMA 50, while momentum indicators show increasing weakness. Key Levels Resistance: 7,471 Support: 7,320 Technical Signals The triangle reflects a period of market indecision ahead of a potentially strong directional move. RSI continues to decline, indicating weakening buying pressure, while OsMA has moved into negative territory. Price has also failed to confirm a breakout above resistance. Bullish Scenario A confirmed breakout and consolidation above 7,471 would invalidate the current weakness and increase the probability of a continuation of the broader uptrend. Bearish Scenario A breakdown and close below 7,320 would confirm a bearish exit from the triangle and increase the risk of a deeper market correction. Conclusion The S&P 500 is approaching a decisive point. Until price breaks and holds outside the triangle, both scenarios remain valid. The next sustained move beyond 7,471 or below 7,320 will likely determine the short-term direction.