Rejection at Highs Sets Up Another Decision PointIn a strong uptrend with a wide stack, holding above the shallow 23.6 % band keeps the recent decline classified as a controlled pullback rather than a shift into deeper corrective territory.
New To TradersPro? Market Overview: S&P 500 futures remain in a strong uptrend, pulling back slightly after testing overhead resistance while holding well above shallow Fibonacci support in the bullish momentum zone. Bullish/Bearish Trend Analysis Trend Condition: Bullish Trends: 14 Bearish Trends: 0 Trend Condition: Strong Uptrend Trend Structure: wide Probability Outlook: Continuation: ~60 % chance, supported by a fully bullish stack and price holding above the 23.6 % retracement.
Price Action and Momentum Zones Current Price and Change: Currently, the S&P 500 Futures are at 6,811.75, down by 45.50 pts or 0.66 % vs the prior session shown on the chart. Market Behavior: Today’s candle is a clear red bar showing rejection from the recent supply zone, with sellers pressing intraday after yesterday’s push toward resistance. The pullback remains modest and has not broken any major structural support. Momentum Zones: Price is trading above the 23.6 % retracement and inside the bullish momentum zone. This reflects a shallow pullback inside a strong uptrend, where buyers recently defended key support and may still attempt to push through overhead resistance if the decline stabilizes. Fib Retracement Levels Current Position Relative to Levels: The market is currently above the 23.6 % Fib retracement on this chart. Analysis: In a strong uptrend with a wide stack, holding above the shallow 23.6 % band keeps the recent decline classified as a controlled pullback rather than a shift into deeper corrective territory. The rejection from resistance creates a short-term pause, but the broader trend structure continues to favor buyers as long as shallow support remains intact. Overall Market Interpretation: Today’s red candle reflects resistance pressure while staying aligned with the broader uptrend. Price remains in the bullish momentum zone and above shallow support, keeping the advance intact despite the intraday weakness. The wide stack signals strong underlying demand, and unless price closes below the 23.6 % retracement, the chart still favors continuation or sideways digestion over a deeper breakdown. New To TradersPro?
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Senin, 01 Desember 2025
Rejection at Highs Sets Up Another Decision Point
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