TradingShot Maps Conditional S&P 500 Downside Level at 6,350
Photo: TokenPost
TradingShot has mapped 6,350 as a conditional downside level for the S&P 500. That would be about 16.2% below the index’s close of 7,580.07 on Friday, Oct. 30, when it fell 1.82% for the session. The chart describes the index making higher price highs while weekly relative strength index (RSI) readings form lower highs. TradingShot says the pattern has been developing since May 26, 2026. The chartist wrote that “the probabilities of a new Bearish Leg have increased.” TradingShot compares the current advance, which it measures at 62.21%, with gains of 76.71% and 119.34% in two earlier cycles.
Source: TokenPost
