Warning: SPX500 May Have Peaked—Here’s What the Charts Say

The S&P 500 (SPX500) may have reached its peak. In this video, I reveal the technical evidence pointing to a potential reversal—including monthly bearish divergence, daily and weekly reversal candles, and confirmation from key indicators.
This isn’t just noise—these signals align across timeframes, suggesting a shift in momentum that could lead to significant downside. I’ll walk you through the charts, explain the implications for traders and investors, and highlight critical support levels to watch.
Thank you for watching and have a great trading week. Cheers!!
Aug 9
Trade closed manually
Momentum has rekindled on the weekly chart, there is no strong divergences on the weekly candle too suggesting that the bearish engulfing candle from last week has been absorbed by bulls. 6226 support level has been strongly defended and SPX500 will go higher or at worst consolidate sideways between 6226 and 6442. Looking that the history, the only time this candle pattern showed up was Sept 9th, 2024 and SPX continued higher but with lots of hesitation.