United States Redbook Index (YoY): 6.1% (November 14) vs 5.9% | FXStreet

The S&P 500 extended its retracement slide on Monday, down nearly 1.0% and closing under the 50-day SMA at 6,707 for the first time since May this year. While several bearish technical signals have emerged, the pullback remains modest at roughly 6.0% from record highs, leaving the longer-term trend intact.