•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
A trading expert is warning that the S&P 500 is approaching a technical juncture that could determine whether the broader market stays in a long-term uptrend or shifts into a new bear cycle. The assessment, shared by TradingShot in a TradingView post on March 17, centers on the index’s recent weekly price action versus key moving averages.
TradingShot said the S&P 500 closed two consecutive weekly candles below its 100-day moving average. The expert described this as the first clear bearish confirmation signal. Attention has since shifted to the 50-week moving average, which is around 6,500 and is framed as the final major support level between bullish continuation and a broader structural downturn.
The analysis also links the 6,500 area to an arc-shaped topping pattern that has historically preceded sharp corrections. It cites prior drawdowns—including the 2022 inflation bear market and the 2025 tariff sell-off—where the S&P 500 tested the same support while weekly RSI hovered in the mid-40s, similar to current conditions, suggesting a potential decisive breakdown.
If the 50-week moving average breaks, TradingShot’s outlook points to a move toward the 200-week moving average, described as the market’s key long-term support. The article notes this would be consistent with past corrections that extended toward the 2.382 Fibonacci level, with declines of about 27.6% and 21.8%, indicating substantial downside risk.
Based on the pattern, TradingShot said the S&P 500 could enter a long-term accumulation zone between 5,700 and 5,500. The range is presented as aligning with the Fibonacci target and a typical correction range, while remaining slightly above the 200-week average.
The piece adds that if the index falls to the lower end of the projection, it would imply an 18% drop from the last closing value of 6,716.
The warning comes as the index has traded in a narrow range during the month, rebounding from dips linked to oil supply concerns in the Strait of Hormuz. While oil prices spiked toward $100 per barrel at their peaks, the article says the S&P 500 has shown underlying strength, with limited sell-offs and rotations into energy and defensive sectors.
Despite the technical risks, analysts cited in the article remain cautiously optimistic for 2026, supported by solid corporate earnings growth, AI productivity gains, and economic resilience. Investors are also watching the Federal Reserve’s upcoming meeting for clarity on interest rates amid the uncertain environment.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
