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Market Overview:
S&P 500 futures are bouncing off the recent pullback area, with price recovering into the upper range while the trend stack remains mixed but improving.
Bullish/Bearish Trend Analysis
Trend Condition: Bullish Trends: 8 Bearish Trends: 6
Trend Condition: Weakening
Explanation: Bullish lines have regained the majority, but the stack is still mixed with bearish participation concentrated in the faster portion of the trend lines.
Trend Structure: wide but flattening at the top
Implication: The wide separation reflects the legacy uptrend, while the flatter top and mixed alignment keep volatility elevated and reduce trend durability.
Probability Outlook:
Continuation: 55% — The bullish majority and rebound improve tone, but the stack is not clean enough to signal strong continuation.
Consolidation / Pullback: 45% — Mixed trend alignment and recent back-and-forth action keep consolidation and retest risk elevated.
Charts by TradingView
Overall Market Interpretation:
The broader structure remains elevated, but trend conditions are still mixed, which keeps the market prone to chop even on up days. Today’s rebound reduces immediate downside pressure and suggests buyers are willing to defend the upper range. Until the stack shifts back toward cleaner bullish alignment and price holds gains without repeated selloffs, the market remains in a recovery-and-digestion posture rather than a fresh momentum-extension phase.
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