SPX500 Reaches Peak, Profit-Taking Wave Ahead?S&P 500SP:SPXParadise_NoirThe SPX500 is still maintaining an uptrend on the 4H timeframe, but the current price has approached the resistance area around 7,500, so short-term profit-taking pressure is starting to appear. After a fairly strong rally since the beginning of April, the index is showing signs of slowing down as the price approaches the upper boundary of the uptrend channel. Technically, the major trend has not been broken, but the gap between the current price and the EMA lines is quite large, suggesting the market may need a correction to rebalance. The 7,500 area is the nearest resistance; if the SPX500 fails to break through this area, it is highly likely that the index will correct slightly to the support zone of 7,210 – 7,250, coinciding with the EMA area and the Ichimoku cloud below. Regarding news, better-than-expected US CPI and PPI data is causing market concerns that the Fed will maintain high interest rates for longer. This is an unfavorable factor for stocks, especially since the SPX500 has surged and is currently at a high. Although the technology sector still supports the index, the risk of profit-taking in the next 24 hours is quite clear. My view: The SPX500 is leaning towards a slight decline in the short term. This is not a signal of a major trend reversal, but rather a technical correction after a period of rapid growth. As long as the price doesn't strongly break through 7,500, the 7,210 level remains a reasonable target for the market to retest buying pressure.