S&P500: Eyes 7,100 on multiple bearish signals.US 500 IndexPEPPERSTONE:US500InvestingScopeS&P500 is neutral on its 1D technical outlook (RSI = 52.517, MACD = 23.520, ADX = 18.357), extending the flat price action of practically the last 30 trading days. There are three distinct Sell Signals that have emerged however and are calling for at least a drop below the 1W MA50 next. The price has hit the top of its 4 year Channel Up and remains inside the top Fibonacci Zone of the pattern. In the meantime, the 1W RSI is on a LH Bearish Divergence while the MACD on a Bearish Cross. All those 3 Sell Signals took place before every major bearish wave of this pattern (Jan 2026, Jan 2025, August 2023) and all broke below the 1W MA50 before rebounding. The 2025 and 2023 sequences even hit the 1W MA100. Technically expect S&P500 to break under the 1W MA50 and 0.5 Fib at least (TP1 = 7,100) and if the midterm elections are a bearish catalysy, extend losses to the 1W MA100 (TP2 = 6,800). Based on the Time Cycles, a 1W MA100 is expected to take place soon anyway. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##