Signal US500 Sell — M15 - June 15, 2026 19:00 GMT-4
The S&P 500 index on the M15 timeframe shows a clear bearish reversal setup. After consolidating near the recent high of 7594.26, price has declined sharply, failing to sustain momentum above this level. The current close at 7569.76 marks a significant low, with volume contraction indicating weakening bullish pressure. A key bearish pattern emerges as price tests the 7564.24 level, which aligns with the recent consolidation range's lower boundary. The formation of a descending triangle between 7564.24 and 7583.16 suggests a potential breakdown, with the 7564.24 level acting as a critical support. The prior failed attempt to break above 7594.26…