SPX500: potential downside moveUS 500CAPITALCOM:SPX500FranzFinance_BrSPX500: Bearish RSI Divergence Signals a Potential Correction The S&P 500 has broken above its previous consolidation range and reached a new high near 7,800. However, momentum is not confirming the move: while price formed a higher high, the RSI printed a lower high, creating a clear bearish divergence on the daily chart. This suggests that the current breakout may be losing strength. A final retest of the recent high is still possible, but failure to hold above the breakout area could trigger a broader correction. My main downside target is the high-volume support zone around 6,845. The move may not happen in a straight line, as intermediate reactions and rebounds are likely around 7,200–7,300. Key levels: • Resistance: 7,780–7,820 • Intermediate support: 7,200–7,300 • Main downside target: 6,845 A sustained daily close above the recent high would weaken the bearish scenario. This is a technical scenario, not financial advice.