Has the S&P 500 Finally Reached a Bounce Zone After a 4% Selloff?

$S&P 500(.SPX)$

After a -4% pullback, the index has reached the lower Bollinger band and the oscillator is curling up.

There is space for further decline until reaching oversold conditions, but a breather is possible. Will be on Friday when $Space Exploration Technologies(SPCX)$ is literally launched?

The S&P 500 closed at 7,386.65 (-0.26%) after a session with high volatility; for second day the confluence zone of the Central Monthly and Central Weekly level acted as resistance (details below), and our bearish weekly target of 7,294 posted in the Weekly Compass ahead of this week was reached and exceeded today (-1.2% versus Friday’s close). The anticipated gap fill to $7,212 had a first serious attempt.

Regarding our high probability setups, $Apple(AAPL)$ cumulates a -5.4% decline this week, exceeding the bearish expectations and target anticipated 🎯. Similar case for $Microsoft(MSFT)$ that has declined -3.2% during the week, moving in the expected direction 🎯.

$Apple(AAPL)$

The top signal was anticipated, the stock has fallen -5.5% in two days 🎯.

The lower band may provide temporary support at the $290 zone, but the price is not yet oversold. Any eventual bounce today must recover $293 for preliminary validation, otherwise $285 follows.

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":573884177871552,"tweetId":"573884177871552","gmtCreate":1781138617178,"gmtModify":1781139046688,"author":{"id":10000000000010920,"idStr":"10000000000010920","authorId":10000000000010920,"authorIdStr":"10000000000010920","name":"SmartReversals","avatar":"https://community-static.tradeup.com/news/079995488356aff47d9fe17aa3389ce9","vip":8,"userType":8,"introduction":".","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[],"fanSize":1426,"starInvestorFlag":false},"themes":[],"images":[{"img":"https://community-static.tradeup.com/news/2125402094bab7a9b05c67bdcc9d149b","width":"680","height":"452"},{"img":"https://community-static.tradeup.com/news/d162f0d12aaa3960d633860277238d89","width":"679","height":"492"},{"img":"https://community-static.tradeup.com/news/be0283b695178d5d32f9e254ddc1d4a1","width":"1080","height":"1350"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/2125402094bab7a9b05c67bdcc9d149b","width":"680","height":"452"},{"img":"https://community-static.tradeup.com/news/d162f0d12aaa3960d633860277238d89","width":"679","height":"492"},{"img":"https://community-static.tradeup.com/news/be0283b695178d5d32f9e254ddc1d4a1","width":"1080","height":"1350"}],"title":"Has the S&P 500 Finally Reached a Bounce Zone After a 4% Selloff?","html":"<html><head></head><body><h2 id=\"id_375717287\"><a data-mention-id=\".SPX\" class=\"teditor-mention\" data-mention-name=\"S&amp;P 500\" href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a></h2>\n<p>After a -4% pullback, the index has reached the lower Bollinger band and the oscillator is curling up.</p>\n<p>There is space for further decline until reaching oversold conditions, but a breather is possible. Will be on Friday when <a data-mention-id=\"SPCX\" class=\"teditor-mention\" data-mention-name=\"Space Exploration Technologies\" href=\"https://ttm.financial/S/SPCX\">$Space Exploration Technologies(SPCX)$</a> is literally launched?</p>\n<p class=\"t-img-caption\"><img alt=\" \" title=\" \" src=\"https://community-static.tradeup.com/news/2125402094bab7a9b05c67bdcc9d149b\" tg-width=\"680\" tg-height=\"452\"><span> </span></p>\n<p>The S&amp;P 500 closed at 7,386.65 (-0.26%) after a session with high volatility; for second day the confluence zone of the Central Monthly and Central Weekly level acted as resistance (details below), and our bearish weekly target of 7,294 posted in the Weekly Compass ahead of this week was reached and exceeded today (-1.2% versus Friday’s close). The anticipated gap fill to $7,212 had a first serious attempt.</p>\n<p>Regarding our high probability setups, <a data-mention-id=\"AAPL\" class=\"teditor-mention\" data-mention-name=\"Apple\" href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$</a> cumulates a -5.4% decline this week, exceeding the bearish expectations and target anticipated 🎯. Similar case for <a data-mention-id=\"MSFT\" class=\"teditor-mention\" data-mention-name=\"Microsoft\" href=\"https://ttm.financial/S/MSFT\">$Microsoft(MSFT)$</a> that has declined -3.2% during the week, moving in the expected direction 🎯.</p>\n<h2 id=\"id_177949446\"><a data-mention-id=\"AAPL\" class=\"teditor-mention\" data-mention-name=\"Apple\" href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$</a></h2>\n<p>The top signal was anticipated, the stock has fallen -5.5% in two days 🎯.</p>\n<p>The lower band may provide temporary support at the $290 zone, but the price is not yet oversold. Any eventual bounce today must recover $293 for preliminary validation, otherwise $285 follows.</p>\n<p class=\"t-img-caption\"><img alt=\" \" title=\" \" src=\"https://community-static.tradeup.com/news/d162f0d12aaa3960d633860277238d89\" tg-width=\"679\" tg-height=\"492\"><span> </span></p>\n<p style=\"text-align: left;\"></p>\n<hr>\n<p style=\"text-align: left;\"><strong>😍 Been eyeing Tiger merch but short on Tiger Coins? Now's your chance.</strong></p>\n<p style=\"text-align: left;\">🎁 We’ve selected 4 high-demand items across practial, lifestyle, and learning, now with a lower redemption threshold!</p>\n<p style=\"text-align: left;\"><strong><a href=\"https://ttm.financial/TW/554651083281352\" title=\"Hot Merch Returns · Up to 43% Off\" target=\"_blank\" class=\"\">Hot Merch Returns · Up to 43% Off</a></strong></p>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/be0283b695178d5d32f9e254ddc1d4a1\" tg-width=\"1080\" tg-height=\"1350\"></p></body></html>","htmlText":"<html><head></head><body><h2 id=\"id_375717287\"><a data-mention-id=\".SPX\" class=\"teditor-mention\" data-mention-name=\"S&amp;P 500\" href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a></h2>\n<p>After a -4% pullback, the index has reached the lower Bollinger band and the oscillator is curling up.</p>\n<p>There is space for further decline until reaching oversold conditions, but a breather is possible. Will be on Friday when <a data-mention-id=\"SPCX\" class=\"teditor-mention\" data-mention-name=\"Space Exploration Technologies\" href=\"https://ttm.financial/S/SPCX\">$Space Exploration Technologies(SPCX)$</a> is literally launched?</p>\n<p class=\"t-img-caption\"><img alt=\" \" title=\" \" src=\"https://community-static.tradeup.com/news/2125402094bab7a9b05c67bdcc9d149b\" tg-width=\"680\" tg-height=\"452\"><span> </span></p>\n<p>The S&amp;P 500 closed at 7,386.65 (-0.26%) after a session with high volatility; for second day the confluence zone of the Central Monthly and Central Weekly level acted as resistance (details below), and our bearish weekly target of 7,294 posted in the Weekly Compass ahead of this week was reached and exceeded today (-1.2% versus Friday’s close). The anticipated gap fill to $7,212 had a first serious attempt.</p>\n<p>Regarding our high probability setups, <a data-mention-id=\"AAPL\" class=\"teditor-mention\" data-mention-name=\"Apple\" href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$</a> cumulates a -5.4% decline this week, exceeding the bearish expectations and target anticipated 🎯. Similar case for <a data-mention-id=\"MSFT\" class=\"teditor-mention\" data-mention-name=\"Microsoft\" href=\"https://ttm.financial/S/MSFT\">$Microsoft(MSFT)$</a> that has declined -3.2% during the week, moving in the expected direction 🎯.</p>\n<h2 id=\"id_177949446\"><a data-mention-id=\"AAPL\" class=\"teditor-mention\" data-mention-name=\"Apple\" href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$</a></h2>\n<p>The top signal was anticipated, the stock has fallen -5.5% in two days 🎯.</p>\n<p>The lower band may provide temporary support at the $290 zone, but the price is not yet oversold. Any eventual bounce today must recover $293 for preliminary validation, otherwise $285 follows.</p>\n<p class=\"t-img-caption\"><img alt=\" \" title=\" \" src=\"https://community-static.tradeup.com/news/d162f0d12aaa3960d633860277238d89\" tg-width=\"679\" tg-height=\"492\"><span> </span></p>\n<p style=\"text-align: left;\"></p>\n<hr>\n<p style=\"text-align: left;\"><strong>😍 Been eyeing Tiger merch but short on Tiger Coins? Now's your chance.</strong></p>\n<p style=\"text-align: left;\">🎁 We’ve selected 4 high-demand items across practial, lifestyle, and learning, now with a lower redemption threshold!</p>\n<p style=\"text-align: left;\"><strong><a href=\"https://ttm.financial/TW/554651083281352\" title=\"Hot Merch Returns · Up to 43% Off\" target=\"_blank\" class=\"\">Hot Merch Returns · Up to 43% Off</a></strong></p>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/be0283b695178d5d32f9e254ddc1d4a1\" tg-width=\"1080\" tg-height=\"1350\"></p></body></html>","text":"$S&P 500(.SPX)$ After a -4% pullback, the index has reached the lower Bollinger band and the oscillator is curling up. There is space for further decline until reaching oversold conditions, but a breather is possible. Will be on Friday when $Space Exploration Technologies(SPCX)$ is literally launched? The S&P 500 closed at 7,386.65 (-0.26%) after a session with high volatility; for second day the confluence zone of the Central Monthly and Central Weekly level acted as resistance (details below), and our bearish weekly target of 7,294 posted in the Weekly Compass ahead of this week was reached and exceeded today (-1.2% versus Friday’s close). The anticipated gap fill to $7,212 had a first serious attempt. Regarding our high probability setups, $Apple(AAPL)$ cumulates a -5.4% decline this week, exceeding the bearish expectations and target anticipated 🎯. Similar case for $Microsoft(MSFT)$ that has declined -3.2% during the week, moving in the expected direction 🎯. $Apple(AAPL)$ The top signal was anticipated, the stock has fallen -5.5% in two days 🎯. The lower band may provide temporary support at the $290 zone, but the price is not yet oversold. Any eventual bounce today must recover $293 for preliminary validation, otherwise $285 follows. 😍 Been eyeing Tiger merch but short on Tiger Coins? Now's your chance. 🎁 We’ve selected 4 high-demand items across practial, lifestyle, and learning, now with a lower redemption threshold! Hot Merch Returns · Up to 43% Off","highlighted":1,"essential":1,"paper":2,"likeSize":462,"commentSize":0,"repostSize":16,"favoriteSize":0,"link":"https://ttm.financial/post/573884177871552","repostId":0,"isVote":1,"tweetType":1,"viewCount":1470,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[".SPX","AAPL","MSFT","SPCX"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":true,"length":1252,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/573884177871552"}