SPX500 Pullback Loading? Trendline Breakdown Could Trigger S&P 500 Index CashFX:SPX500FrankAgboSPX500 is finally showing signs of weakness after an extended bullish rally. Price respected the ascending trendline for weeks, but momentum is slowing down near the highs, and buyers are struggling to create a strong breakout above resistance. The current setup suggests a possible bearish continuation if the trendline support fails convincingly. ### 🔍 What I’m Watching: * A clean break below the rising trendline * Rejection from the recent high area around **7520 – 7560** * Increased bearish momentum on lower timeframes * Possible liquidity sweep before the move lower ### 📉 Bearish Scenario: If sellers maintain pressure below the trendline, SPX500 could decline toward the key support zone near **7170**. ### 🎯 Target: * **7170 support zone** ### 🛑 Invalidation / Stop Loss: * Above **7620** This setup offers a strong risk-to-reward opportunity if confirmation enters after the breakdown. The market has been heavily bullish for weeks, so a healthy correction would not be surprising. Remember: Patience is key here. Don’t jump in early — wait for confirmation candles and market structure shift before entering. Will SPX500 continue the rally or is a deeper pullback about to begin? 👀 #SPX500 #SP500 #US500 #Indices #PriceAction #Forex #TradingView #SmartMoney #TechnicalAnalysis #DayTrading #SwingTrading