$SPX500USDS&P 500 IndexTVC:SPXcrypto_vulture_signalsThe S&P 500 is trading near 7,659 on the daily timeframe, showing signs of weakening bullish momentum after repeated rejection from the 7,800–7,845 resistance region. Price has slipped below the ascending trendline connecting recent higher lows, suggesting a potential shift in short-term market structure. **Key Levels** - Current Price: 7,659 - Immediate Resistance: 7,700–7,750 - Major Resistance: 7,800–7,845 - Immediate Support: 7,600 - Next Support: 7,500–7,520 - Lower Support: 7,350–7,400 **Bearish Scenario** If SPX remains below the broken ascending trendline and fails to reclaim 7,750, selling pressure could extend toward 7,600, followed by 7,500 and potentially 7,350–7,400. **Bullish Scenario** A recovery above 7,750, followed by sustained acceptance above 7,800–7,845, would weaken the bearish outlook and could support further upside toward 7,900–8,000. **Technical Outlook** The broader uptrend remains visible, but the recent trendline breakdown indicates short-term weakness. Watch for a retest of the broken trendline and confirmation of resistance before considering bearish continuation. A daily close back above the trendline would challenge the breakdown scenario.