🚨Crash Alert 🚨📉⬇️⤵️↘️

Technical Outlook – $SPX 500 Index $SPY(Monthly Chart)
The index is currently reacting from a major monthly supply zone near 6,700–6,950, where strong selling pressure has appeared. Recent rejection from this area suggests that buyers are struggling to sustain prices at higher levels.
For a confirmed trend shift, price needs to break below the highlighted swing low around the 6,500 zone. If this level is taken out, it could trigger a deeper corrective move.
Key Levels to Watch:
Supply Zone: 6,700 – 6,950
Trend Shift Level: Breakdown below ~6,500
TARGET 1 : 5,900 – 5,660
If the breakdown occurs, the market may see a sharp downside move toward the 5,900–5,660 support region
Outlook:
A final bounce or consolidation is possible, but failure to reclaim the supply zone could lead to increased downside momentum in the coming months. 📉