The technical scene of the S&P 500 index is becoming more complex, and the messages sent by the screens are not reassuring.

Today, the index is clearly trading below the 200-day moving average,
with the appearance of what is called a "Death Cross"(Death Cross) by breaking the 21-day moving average below the 200-day moving average.

Technically, we are facing selling pressure that goes beyond a mere correction,
entering a real test of market resilience.

Although the Relative Strength Index (RSI) has reached historic "oversold" levels not seen since the Liberation Day panic, which might suggest a rebound is imminent, caution is necessary here.

Rebounds in such conditions are often risky,
and trying to "catch the falling knife" could be very costly before we see a true stabilization in the price structure.

The market doesn't need those who predict the bottom, but those who have the patience to wait for confirmation.

Do you think the current oversold condition is enough to trigger a rebound,
or is there more downside?

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