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.
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IronHeadMiner
· 12h ago
I agree with the term "momentum exhaustion," but can it really reach 7000? Feels like just bragging.
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consensus_failure
· 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?
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GamefiHarvester
· 12-08 13:23
The term "momentum stalling" is really used appropriately here. I also feel like this rally is a bit hollow.
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7,000 as a round number resistance? Uh... the market might not buy into that. Sometimes it just dumps straight down.
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I can sense the atmosphere of a top range too, but who knows how long it can hold up.
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Caution is good, but right now my biggest caution is whether I’ve set my stop-loss orders properly.
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Noticing the narrowing upward slope is spot on, but the real issue is when it actually turns around.
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Thinking of pushing higher? I suggest everyone save some ammo for defense, don’t go all in.
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The round number curse does exist, but whether it can reach it this time is really a toss-up.
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The setup might look good, but when it crashes, it still knocks people out cold. Seen it too many times.
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This warning is not too late; realizing the ceiling early is better than anything.
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OnchainDetective
· 12-08 13:23
The detail about momentum dampening is interesting. I already saw signs of this emerging from on-chain data.
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Wait, the 7000 round number... According to tracking records, institutional fund flows are showing clear anomalies. It's obvious someone is gearing up.
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Top range? I think we need to watch the movements of whale wallets—that's the real signal.
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As for the narrowing slope, the target is basically locked in. We're just waiting for confirmation.
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Suspicious. This level looks exactly like the pattern from last time.
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Cautious +1, but what I'm more concerned about is where the funds are going.
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Through multi-address tracking, the trading pattern behind this surge is indeed strange.
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The round number threshold does need to be tested, but I'm betting on whether institutions will dump here.
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.