Signal US500 Sell — H1 - June 3, 2026 05:13 GMT-4
The S&P 500 (US500) on H1 timeframe shows a bullish trend with higher highs and higher lows, but recent consolidation suggests weakening momentum. Price has tested key resistance at 7629.14 multiple times, failing to sustain above it, which indicates potential overbought conditions. The latest candle closes near 7619.06, a level that has acted as support previously, but declining volume (1136) signals reduced buying pressure. A breakdown below 7614.34 (the prior low) would confirm a shift in control to sellers, aligning with the sell signal. The structure implies a corrective phase, with the TP at 7571.84 representing a significant psychological level…