S&P 500 Technical Analysis: Reset Phase and Potential Bottom Formation

This analysis leverages the Seeking Alpha article [1] and internal market data [0]. The article states the S&P500 (^GSPC) is in a necessary 400-point reset, with a potential bottom at 6490 next week. Internal data confirms a 14-day drop of -2.73% (from 6788.52 to 6602.98), recent low of 6521.92 (Nov21), and Nov21 volume (5.93B) exceeding average (5.44B) — indicating buying interest. Defensive sectors like Healthcare (+1.73%) lead, aligning with bottom-formation behavior.

1. Proximity of recent low (6521.92) to predicted bottom (6490) suggests reset nearing end.
2. Higher-than-average volume signals investor confidence in support levels.
3. Defensive sector outperformance indicates caution but accumulation at lower prices.
4. 14-day drop aligns with the article’s reset narrative.

• Support Breach
  : Falling below6490 may trigger deeper correction [1].
• Rate Sensitivity
  : Lagging Utilities (-0.88%) reflects rate concerns [0].
• Incomplete Data
  : Paywall limits full technical indicator validation [1].

• Potential new highs if 6490 support holds [1].
• Defensive sectors offer relative safety during reset.

• Event Source: Seeking Alpha article [1] (2025-11-23).
• Core Claims: Reset phase, potential bottom at6490, possible late Q12026 top.
• Key Metrics: 14-day drop (-2.73%), recent low (6521.92), current price (6602.99), volume above average.
• Sector Trends: Healthcare (+1.73%) leading, Utilities (-0.88%) lagging.
• Limitation: Partial paywall restricts full technical details from the article.

This summary provides objective context without investment recommendations.