SPX Forecast: Bearish Rejection at Resistance | 4H AnalysisS&P 500SPCFD:SPXFrankAgboSPX is approaching a major resistance zone after an impressive bullish rally over the past few months. Price is showing signs of exhaustion near previous highs, increasing the probability of a corrective pullback before the next directional move. ### 🔍 Technical Analysis * Price has reached a significant resistance area where sellers have previously entered the market. * The current bullish momentum is beginning to weaken as price struggles to break above resistance. * A rejection from this level could trigger a healthy correction toward the next major support zone. * Bears will be looking for confirmation through bearish candlestick patterns before entering. ### 📉 Trade Setup **Bias:** Bearish **Entry Zone:** Around **7,480 – 7,500** after bearish confirmation. **Stop Loss:** Above **7,640** **Take Profit Targets:** * 🎯 TP1: 7,250 * 🎯 TP2: 7,000 * 🎯 TP3: 6,800 * 🎯 TP4: 6,525 ### 📊 Market Outlook The overall long-term trend remains bullish, but the current price action suggests a short-term correction could be on the horizon. A rejection from resistance would provide sellers with an opportunity to capitalize on a retracement before buyers potentially regain control. ### ⚠️ Invalidation A strong 4-hour close above **7,640** would invalidate this bearish setup and increase the likelihood of a continuation toward new all-time highs. ### 💡 Trading Tips * Wait for bearish confirmation before entering. * Avoid selling into support without confirmation. * Use proper risk management and consider taking partial profits at each target level. ### 📌 Conclusion SPX is testing a critical resistance zone where profit-taking and selling pressure may emerge. If sellers successfully defend this area, a move toward the highlighted support levels becomes increasingly likely. 💬 **Do you expect SPX to break into new highs, or is a deeper pullback coming first? Share your thoughts below!** 👍 **If you found this analysis helpful, don't forget to Like, Boost, and Follow for more daily market analysis and high-probability trading setups.** #SPX #SP500 #US500 #TradingView #TechnicalAnalysis #PriceAction #StockMarket #Indices #SwingTrading #DayTrading #RiskManagement #MarketAnalysis #TradingSignals