S&P 500 Index Technical Analysis and Intraday Forecast

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S&P 500 Index Technical Analysis

The price has declined from its resistance level of 5529 and is currently trading in a bearish zone. As long as it remains below the pivot line, the bearish trend is expected to continue towards 5410.

• Intraday Analysis:
  Today, the price is likely to stabilize below 5479, maintaining the bearish trend towards 5440 and 5410.
  
  
• Bullish Scenario:
  For a bullish reversal, the price must stabilize above 5502. If this occurs, the bullish trend may target 5529 and subsequently 5550.
  
  
• Bearish Scenario:
  As long as the price trades below the pivot zone, which lies between 5502 and 5479, it is expected to decline further towards 5440 and 5410.
  
  
• Key Levels:
  - Pivot Line: 5479
  - Resistance Levels: 5502, 5529, 5550
  - Support Levels: 5440, 5410, 5373
  
  
• Today's Expected Trading Range:
  The anticipated trading range for today is between the resistance at 5502 and the support at 5410.