SP500USD| BEARISH CONFIRMATION AND KEY SUPPORT LEVELSUS SPX 500OANDA:SPX500USDArinaKarayiHello traders, The price has stabilised below the support zone, reinforcing the bearish trend as long as it continues to trade beneath this level. Remaining below this zone is likely to drive the price down to 5,947. If this level is breached, the price will encounter the channel, which must be broken with a 4-hour candle close to confirm the bearish trend. Beyond this, a strong support zone lies ahead, which may cause multiple upward rebounds before the price eventually breaks through. The bullish trend is activated by passing the three main levels of 6002, 6074, and 6102.