Best Selling Zones for the S&P 500

The S&P 500 has begun to break out of its sideways movement and enter a downtrend on the 4-hour timeframe.

The index has also broken an upward trend and strong support levels, forming strong selling zones, strongly indicating the beginning of a trend reversal, at least in the short and medium term.

Expected Targets

Currently, the selling zone around 6721 is considered a strong selling point. A test of this level is expected to lead to a decline to the targets of 6690 and 6630, respectively.

However, if the index breaks and closes above the identified selling zones on a 4-hour candle, the analysis will be invalidated, and the expected decline will occur.