S&P 500: The First Crack? Broadcom Tests the Channel S&P 500SP:SPXAlchemyMarketsThe S&P 500 is riding one of the steepest channels since the April low — and this morning the biggest AI chip name on the planet beat earnings and still got sold. Is this the first crack in the move that's been carrying the whole index, or just one expensive stock getting a reality check? In this video I break down what the channel is actually telling us: why price action this vertical rarely holds its angle, what the Broadcom reaction really signals (and what it doesn't), and the one thing that separates a single-name wobble from an index-level event. We'll walk the channel structure, the level that turns caution into a real warning, and the counter-case that could flip the whole read.