S&P500: Midterm elections Technical decline to 7,000 is startingUS 500 IndexPEPPERSTONE:US500InvestingScopeS&P500 is bullish on its 1D technical outlook (RSI = 60.777, MACD = 14.030, ADX = 24.782) as it remains on its 1D MA50, inside the mid term Channel Up. The last time we saw that pattern was in late 2025/early 2026 and successive 1D MA50 tests made the market form a Top and decline by -10% to its 1W MA70 and the 1.382 Fibonacci extension. Expect a similar technical correction (TP = 7,000) going towards the U.S. Midterm elections. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##