S&P 500: Bearish Channel Breakdown Signals Trend Change

The S&P 500 has decisively broken below its rising channel, signaling a short-term trend change from bullish to bearish. The breakdown below the key support at 5860, coupled with strong selling pressure, indicates the likelihood of a continuation of the correction. The next key target lies in the 5650-5700 area, a significant support zone marked by prior consolidation and the lower Bollinger Band.

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