SPX500USD Bearish Rejection from Resistance US SPX 500OANDA:SPX500USDAlpha_Trade_Scope The S&P 500 is approaching a major resistance zone after a strong bullish rally from the ascending trendline. Price is now testing a key area where sellers may step in. A rejection from this resistance, followed by a break below the trendline support, could trigger a bearish move toward the **7,485** target. **Key Levels:** * **Resistance:** 7,555–7,560 * **Trendline Support:** Ascending support zone * **Bearish Target:** 7,485 **Trading Plan:** Watch for bearish confirmation at the resistance zone. If price breaks below the ascending trendline and loses support, the downside target around **7,485** becomes the next area of interest. If resistance is broken instead, the bearish setup will be invalidated.