Analysis: S&P 500 futures break below key support at 7,386 points, facing further downside pressure

BlockBeats news, November 6: Bloomberg analysts stated that S&P 500 E-mini futures have broken below the key support level of 7,386 points, confirming an acceleration of the downtrend that began on October 6. Downside targets are successively 7,317 points, 7,240 points, and 7,176 points, with initial resistance at 7,675 points.

Although the daily chart is already in oversold territory, any rebound is regarded as a corrective move.

Euro Stoxx 50 index futures also face downside risk below 6,032 points; a break above 6,251 points could signal a recovery toward 6,399 points.