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Market Overview:
S&P 500 futures are rebounding off the recent selloff area, with price pushing higher while the broader trend structure remains mixed but improving.
Bullish/Bearish Trend Analysis
Trend Condition: Bullish Trends: 8 Bearish Trends: 6
Trend Condition: Weakening
Explanation: Bullish lines have regained a slight majority, but the stack is still mixed with multiple bearish flips concentrated toward the faster end.
Trend Structure: wide but flattening at the top
Implication: The wide separation reflects the legacy uptrend, while the flatter top and mixed alignment keep two-sided risk elevated and momentum less durable.
Probability Outlook:
Continuation: 55% — The bullish majority and today’s rebound improve short-term tone, but the stack is not clean.
Consolidation / Pullback: 45% — Mixed trend participation and recent volatility keep consolidation and retest risk elevated.
Charts by TradingView
Overall Market Interpretation:
The market is attempting to stabilize after a sharp pullback, with buyers reclaiming ground inside the upper range. Trend conditions remain mixed, but today’s move improves the immediate momentum tone and reduces near-term breakdown pressure. Until the trend stack cleans up and price holds firm without repeated selloffs, the environment remains prone to chop even as the broader structure stays elevated.
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