Market Overview:
Welcome to today’s market overview. The S&P 500 Futures have pulled back modestly after multiple sessions of resistance near recent highs. While all 14 trend lines remain bullish, price action suggests hesitation as bulls consolidate above the momentum zone and near a critical Fib level. Will buyers step back in, or are we seeing early signs of exhaustion?

🔻 Bearish/Bullish Trend Analysis

Trend Condition:
Bullish Trends: 14
Bearish Trends: 0

Overview:
The market is bullish, with all 14 trend lines signaling upward momentum. No bearish trends are present, indicating the longer-term trend remains intact despite today's minor weakness.

📉 Price Action and Momentum Zones

Current Price and Change:
Currently, the S&P 500 Futures are at 5,933.00, down by 16.25 points or -0.27%.

Market Behavior:
Today’s price action shows a minor decline as bulls appear to be pausing. After stalling near resistance, the market is pulling back slightly, though still holding within the upper zone. Buyers haven’t fully retreated, but momentum is cooling.

Momentum Zones:
The price is trading above the 23.6% retracement level, which keeps it in the momentum zone. This is still a bullish structure, where the price is consolidating rather than breaking down. The deeper levels between 38.2% and 61.8% serve as corrective support if the pullback deepens.

📐 Fib Retracement Levels

Current Position Relative to Levels:
The market is currently above the 23.6% Fibonacci retracement level.

Key Fibonacci Levels:
23.6% → 5,684.06
38.2% → 5,385.60
50.0% → 5,144.38
61.8% → 4,903.15

Analysis:
Holding above 5,684.06 keeps the bullish structure alive. If that level breaks, 5,385.60 becomes the next test. For now, this remains a potential pause before continuation—but watch for signs of deeper selling pressure.

🧠 Overall Market Interpretation
Despite today’s mild drop, the bullish trend remains dominant with all trend lines green. Price is consolidating just below resistance and still above key Fibonacci support. There’s no shift in the larger trend yet, but signs of fatigue are showing.

✅ Summary
The S&P 500 Futures are showing slight weakness early in the session. The broader trend remains bullish, and the 23.6% Fibonacci level is acting as support. This level remains key for bulls looking to defend the current structure—watch for follow-through or breakdown in the coming sessions.

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