Signal US500 Sell — M15 - May 7, 2026 11:25 GMT-4
The S&P 500 index on the M15 timeframe has been showing signs of exhaustion after a prolonged uptrend. The recent candles have formed lower highs and higher lows, indicating a loss of momentum. The price has also broken below a key support level at 7384, which has triggered our sell signal. The volume has been increasing on the downtrend, confirming the strength of the move. Looking ahead, we expect the price to continue its decline, potentially reaching the target area around 7347. This setup is supported by the bearish trend line and the oversold RSI, which suggests that the price…