Entry Zones and Expected Next Move for the S&P 500 Index

The US S&P 500 index is moving sideways, with a negative divergence from the MACD indicator. This could push the index down to test the demand zones near the 6787 level.

The identified demand zones near 6787 are considered important and strong areas that could propel the index back up. Therefore, buying opportunities exist here if any buy signals appear.

If the index rebounds from these demand zones, we might see a test of the 6930 level and then the 6996 level.

Expected Bearish Scenario

We might see the index decline if it breaks below the initial demand zones and closes below them with clear momentum. This could push the index down to the next demand zones near the 6612 level.

The bearish scenario is likely due to strong overbought conditions. Therefore, caution is advised, and the initial demand zones should be closely monitored.