US500 OUTLOOK (4 HOUR): Time for a breather

GVI · October 7, 2026
General

While betting against stocks has been a losing wager, can’t ignore what charts are showing, which is 2 blue AT lines drawn off the new record high indicating a potential top (ir pause) and shift in risk towards a retracement.

With no key supports nearby that would need to be broken to confirm a shift in risk, keep an eye on 7800, which needs to hold to contain the downside.

If not, use FIBOS for 7707 =>7845 as potential levels of support.

 

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