S&P 500 futures rose Wednesday morning after a sharp selloff Tuesday, but technicians warn key support levels could crumble. The index plummeted 2.5% to 6,710.42, breaking below its December low and its 100-day moving average. John Kolovos of Macro Risk Advisors flags the 6,720 December low as critical; a breach could trigger a slide toward November lows near 4%. Mona Mahajan of Edward Jones notes the last meaningful correction was April 2025, and current consolidation lacks the volatility signaling a reset.

Momentum indicators like the RSI hover near oversold levels, hinting at further downside before sentiment washes out. While Rich Ross sees potential for a rebound toward 7,000, the 200-day moving average remains a key hurdle.