S&P 500 poised for a major rally, but only if this critical level holds [Video}

S&P 500 poised for a major rally, but only if this critical level holds [Video}

With the U.S. election and FOMC meeting around the corner, the S&P 500 is poised for potential volatility. Heres what investors need to keep an eye on:

• Key 5,700 support level: This level is crucial for determining the markets next direction.
• Bearish signals: Rising supply levels and recent sell-offs hint at potential downside.
• Historical patterns: 2016 and 2020 market analogs may offer clues about upcoming moves.
• Bullish vs. bearish scenarios: Understanding potential outcomes can help investors strategize.
• Technical patterns: Bear flags, breakouts, and spring actions are all in play.