SPX6900 (SPX) Price Prediction: SPX Attempts Stabilization Despite Recent Bounce

• SPX6900 faces persistent resistance as sellers cap rebounds near key Fibonacci zones.
• Weakening support and negative flows heighten risk of deeper decline toward demand areas.
• Falling open interest shows traders reducing exposure while waiting for clearer direction.

SPX6900 continues to face pressure as sellers maintain control across the short- and mid-term structure. Recent trading shows a strong rejection near key Fibonacci levels, which limits upside attempts. Price action still respects a clear pattern of lower highs and lower lows. 

Resistance Zones Continue to Cap Recovery Attempts

SPX6900 trades below major retracement zones, which restricts any sustainable rebound attempt. The region between $0.70 and $0.724 remains the first major ceiling. 

The Supertrend also flashed a fresh sell signal near that area, which reinforces the resistance. A decisive mo…

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