Critical Retest of Support at 5860: Will the S&P 500 Hold or Break?

The S&P 500 recently retested the critical support level at 5860 and managed a bounce, forming a new lower high. However, the price is now once again testing this significant support level at 5860. If this level fails to hold, it is likely to trigger a new wave of selling pressure, with the next target lying in the 5650-5700 area. A breakdown below 5860 would confirm increased bearish momentum in the short term.

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