The SPX price has stabilized within the sensitive zone between 5,872 and 5,806. We anticipate that the price will rise briefly to correct towards 5,872 before falling sharply to reach 5,806, and potentially drop further to 5,750. An uptrend is likely to commence only if the price stabilizes above 5,872, particularly if it crosses the critical range between 5,997 and 5,938. This scenario suggests that the current movement is influenced by the resistance at 5,872 and the support levels below, which dictate the directional trends.
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