The S&P 500 index on M15 timeframe shows a clear downtrend with key support at 7485.39 and 7488.39. Recent candles exhibit lower closes and higher volume, indicating strong selling pressure. The price has been consolidating near these levels, but the close below 7488.39 suggests a breakdown, validating the bearish bias. The current structure forms a descending triangle pattern with the low at 7485.39 acting as a critical support. The recent bullish candle at 7505.56 failed to close above 7506.71, signaling waning momentum. With volume consistently above 500, the bearish move is likely to continue, targeting the 7448.4 level as a…

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