SP 500 Bearish Pressure, Then a Potential Upside RecoveryS&P Index Cash CFD (USD)VANTAGE:SP500MR_GOLD_12SP500 has been showing two-way volatility, repeatedly pushing lower before finding buying interest around the 7,635–7,645 demand/support zone. The recent downside pressure is largely connected to a more cautious macro environment. Rising U.S. Treasury yields, persistent inflation concerns and higher oil prices have increased expectations that the Federal Reserve could maintain a tighter policy stance. These factors have recently pressured U.S. equities and caused the S&P 500 to pull back from its highs. However, the latest rebound suggests short-term buyers are stepping back in after the sell-off. Friday's marketrecovery was helped by inflation data that was viewed as less damaging than feared, while retreating oil prices also eased some pressure on equities. Technically, the 7,635–7,645 zone is the key area to watch. If price continues holding above this demand zone and confirms bullish momentum, the recovery could extend toward 7,720, followed by the 7,760–7,765 resistance/liquidity area marked on the chart a clean break below the demand zone, however, would weaken the bullish recovery setup and reopen downside risk. Hope you found this analysis helpful. 👍 Like, Comment & Follow for more updates.