S&P 500 - THE SET-UPS

Following up on our recent readings on the S&P 500, the previously identified Bearish Butterfly pattern has fully unfolded.

In its aftermath, a Bullish M formation emerged on the 4hr time frame, triggering the latest rally that has now carried prices into the 6890 resistance area.

What This Means for Traders

While the M formation (pattern in blue) delivered the expected rebound to the projected zone into the 6890 region, the broader structure still hints at potential headwinds as we are observing currently.

This phase demands precision, patience, and strict attention to structure and timing. Whether this becomes a secondary high within a larger correction or transitions into a broader continuation will likely be determined within the coming weeks.

If you would like to learn more about the levels we are tracking, visit us today at marbobsix.com