SPX500 1H – My Take (July 7, 2026)US 500CAPITALCOM:SPX500ClearTradingMindSPX500 looks bearish to me on the 1-hour chart. Price has broken below the rising trendline and lost the key support area, showing that sellers are starting to take control. If this bearish momentum continues, I'm expecting a move toward the 7,441.8 level, with 7,410.3 as the next downside target. A strong recovery back above the broken support would invalidate this bearish setup, so I'll manage my risk and let the market confirm the next direction.