The post S&P 500 tests 50-DMA support – Société Générale appeared on BitcoinEthereumNews.com. The S&P 500 is testing its 50-day moving average and lower channel boundary, with momentum indicators flashing warning signs. A move below the 6630 pivot would confirm a deeper pullback, after the index failed to retest its October high, Société Générale’s FX analysts note. Negative momentum signals risk for S&P 500 “S&P 500 is probing the 50-DMA and the lower limit of the channel within which the up move since August has evolved. Daily MACD has been posting negative divergence highlighting receding upward momentum. However, a break in price structure will be crucial for confirming a short-term pullback.” “A brief pause cannot be ruled out. The index has so far formed a lower high near 6870pts than the one achieved in October at 6920pts. Break below recent pivot low of 6630pts could denote possibility of a deeper down move.” Source: https://www.fxstreet.com/news/sp-500-tests-50-dma-support-societe-generale-202511170941The post S&P 500 tests 50-DMA support – Société Générale appeared on BitcoinEthereumNews.com. The S&P 500 is testing its 50-day moving average and lower channel boundary, with momentum indicators flashing warning signs. A move below the 6630 pivot would confirm a deeper pullback, after the index failed to retest its October high, Société Générale’s FX analysts note. Negative momentum signals risk for S&P 500 “S&P 500 is probing the 50-DMA and the lower limit of the channel within which the up move since August has evolved. Daily MACD has been posting negative divergence highlighting receding upward momentum. However, a break in price structure will be crucial for confirming a short-term pullback.” “A brief pause cannot be ruled out. The index has so far formed a lower high near 6870pts than the one achieved in October at 6920pts. Break below recent pivot low of 6630pts could denote possibility of a deeper down move.” Source: https://www.fxstreet.com/news/sp-500-tests-50-dma-support-societe-generale-202511170941