S&P 500 Holds Bullish Channel at 6,824—Tech Divergences

In this episode, we break down the S&P 500's stubborn hold of its bullish channel at the critical 6,824 level while early tech divergences signal potential rotation. Learn how to spot the cracks before the market makes its next big move and position your portfolio for either a continuation or a reversal. What You'll Learn: • Identify key tech divergence signals in major index components • Analyze the 6,824 support level and its significance • Understand sector rotation patterns emerging beneath the surface • Apply channel confirmation techniques to your trading strategy • Recognize warning signs that precede a breakdown or breakout Key Insights: • The S&P 500's channel slope remains intact despite intraday volatility • Tech divergences are appearing in semis and megacap names • Volume profile shows decreasing participation on rallies above 6,824 • Options market skew is flipping from bullish to neutral in tech • Correlation between S&P 500 and QQQs is weakening Recommended Resources: • CME Group S&P 500 Futures Data • TradingView for real-time chart analysis • Investopedia guide on technical divergence