S&P 500 E-Mini Nears Major Support

Market Watches as Bears Grasp Tightens Amid Bull Channel Tensions

In a clear signal of escalating selling pressure, the market has registered four consecutive bear trend bars on the daily chart. This development points to a growing momentum among sellers, which could potentially alter the market's trajectory. Despite this bearish outlook, there's a glimmer of support near the 5,000 big round number, serving as a crucial battleground for both bulls and bears.