Recently, I've been keeping an eye on the S&P 500 chart and noticed a pretty obvious signal—



The index is still rising, but the momentum isn't as strong as before. In technical terms, this is called a narrowing of the upward slope, or momentum deceleration.

Personally, I think there might still be another push in the short term—maybe to test that 7000-point round number? After all, the market loves whole numbers.

But that said, looking at the chart structure, this area really does have the feel of a top range. It's important to stay cautious when caution is warranted.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
IronHeadMinervip
· 12h ago
I agree with the term "momentum exhaustion," but can it really reach 7000? Feels like just bragging.
View OriginalReply0
consensus_failurevip
· 12-08 13:50
I can see the momentum is waning, but I've heard the whole round number theory a lot... can we really reach a round number?
View OriginalReply0
GamefiHarvestervip
· 12-08 13:23
The term "momentum stalling" is really used appropriately here. I also feel like this rally is a bit hollow. --- 7,000 as a round number resistance? Uh... the market might not buy into that. Sometimes it just dumps straight down. --- I can sense the atmosphere of a top range too, but who knows how long it can hold up. --- Caution is good, but right now my biggest caution is whether I’ve set my stop-loss orders properly. --- Noticing the narrowing upward slope is spot on, but the real issue is when it actually turns around. --- Thinking of pushing higher? I suggest everyone save some ammo for defense, don’t go all in. --- The round number curse does exist, but whether it can reach it this time is really a toss-up. --- The setup might look good, but when it crashes, it still knocks people out cold. Seen it too many times. --- This warning is not too late; realizing the ceiling early is better than anything.
View OriginalReply0
OnchainDetectivevip
· 12-08 13:23
The detail about momentum dampening is interesting. I already saw signs of this emerging from on-chain data. --- Wait, the 7000 round number... According to tracking records, institutional fund flows are showing clear anomalies. It's obvious someone is gearing up. --- Top range? I think we need to watch the movements of whale wallets—that's the real signal. --- As for the narrowing slope, the target is basically locked in. We're just waiting for confirmation. --- Suspicious. This level looks exactly like the pattern from last time. --- Cautious +1, but what I'm more concerned about is where the funds are going. --- Through multi-address tracking, the trading pattern behind this surge is indeed strange. --- The round number threshold does need to be tested, but I'm betting on whether institutions will dump here.
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)