SPX 500 Index || Q3 2026 - Day ChartS&P 500SP_DLY:SPXStudyGuideTAS&P 500 Index ---------------------------------- entering a bear market? Looks like it. ----------------------------------- Multiple Time-Frame Analysis; Color Code | Strength favors the higher timeframe. Yearly timeframe = black Monthly timeframe = pink weekly = grey daily = red 4hr = orange 1hr = yellow 15min = blue 5min = green if they are shown. (Level visibility on intervals is set to timeframe the level was found on and below to keep chart view organized.) ** Candle Science explained ** A Range = two or more consecutive color candles. There are two types of ranges - accumulation and distribution. DISTRIBUTION RANGES DEFINED: When price is above a distribution range, these candles/levels act as support. (BS) BACKSIDE Candle - First distribution candle in a distribution range. Expectation = strong reaction to price. long wicks reaching to or away from level. (FS) FrontSide Candle - Last distribution candle in a distribution range. Expectation = reversal, create a trend in the opposite direction. Distribution candles are used as support. ACCUMULATION RANGES DEFINED: When price is below an accumulation range, these candles/levels act as resistance. INVERSE BACKSIDE (Inv.BS) - First Accumulation candle in an accumulation range. Expectation. = strong reaction to price. long wicks reaching to or away from level. INVERSE FRONTSIDE (Inv.FS) - Last accumulation candle in an accumulation range. Expectation = reversal, create a trend in the opposite direction. Accumulation candles are used as resistance.