Signal US500 Sell — M15 - June 21, 2026 19:58 GMT-4
The S&P 500 (US500) on M15 timeframe shows a clear bearish trend with consecutive lower closes and declining highs. Recent price action has formed a descending triangle pattern between 7485.39 and 7463.59, with volume spikes at 7485.56 (3854) and 7490.94 (3490) confirming strong selling pressure. The current close at 7485.39 aligns with a key support level, suggesting potential for further downside. The recent high of 7525.69 failed to hold, indicating waning bullish momentum. With the price consolidating near the lower end of this range, a sell signal is justified as the market may break below support, extending the downtrend toward…