S&P 500 Gartley Sell Signal? S&P 500 IndexTVC:SPXTraderTed16As we approach the 250th Birthday of the USA on the 4th July 2026, both the S&P 500 and Nasdaq both gave Gartley Pattern sell signals on the end of day time frame as shown on the chart, along with the Dow Jones consolidating around the key 51895 price level. With Markets closed on the 3rd July, are we setting up for post Independence Day fireworks next week or in the coming weeks to trigger a potential move to the downside? On the S&P 500 chart provided this market filled the gap created last week to the upside denoted by the yellow box. This same gap fill can be seen to be filled on the Nasdaq as well this week. With these gap fills does that align with the near term bearish setup? Should this market start a decline from this area and we see a move to the downside, the first target on the S&P 500 would be around the area of the low of the 26th July marked as 'C' which is 7294. Can this low hold and act as support? This is the first decision point for the market. If the 7294 level cannot hold and the market wants to continue it's way lower, the 7237 low of 9th June will be the next decision area. These are both near/short term targets. If this market show's considerable weakness and cannot hold the 7294 area, note the blue dotted levels on the chart for lower price targets for areas for a potential reaction and reversal to the upside. Patience is always required as no market moves in straight lines up or down and consolidation at price levels can and do happen. Careful watch and monitoring of position size and stop losses should always be maintained as this market continues to be still in a very bullish trend and higher price levels are more than achievable should the 2nd June high be taken out and closed above. Safe trading and Happy Independence Day to our American Friends!