S&P 500 Faces a Bearish September Setup as Seasonality Aligns With a Possible Five-Wave Drop Toward 7,100–7,200

Technical analysts argue that if this week’s low breaks, the highest-probability path is a larger decline toward the 7,100–7,200 zone. The setup suggests bearish momentum rather than a clear fundamental catalyst, with potential for heightened near-term volatility if support fails.