SP500 Records New 7‑Day Low While Holding Above 30‑Day Support

The S&P 500 fell to a new 7‑day low of 7,660.3, down from the prior 7‑day high of 7,668.9. Despite the fresh low, the index remains about 2% above its 30‑day level of 7,505, suggesting the move is a continuation of the downtrend rather than a reclaim of support.

• Price dropped to a new 7‑day low, breaking the prior 7‑day high by ~0.11%.
• The index stays ~2% above its 30‑day low of 7,505, indicating room for a potential reclaim.
• Market structure shows continuation of bearish pressure rather than a bullish reclaim.