The SPX6900 price continues to face significant resistance, impacting its ability to rebound from recent fluctuations. Sellers are exerting control across both short- and medium-term structures, particularly near key Fibonacci levels. This is reflected in the decreasing open interest among traders, who appear cautious about directionality. Despite a brief bounce, SPX6900 remains pressured by declining support levels. The pattern reveals consistent lower highs and lower lows, suggesting an ongoing downward trend. The resistance zones act as significant barriers to any potential recovery attempts. 0.70-$0.724 remain the key areas for sellers to maintain control. Furthermore, a recent sell signal from the Supertrend reinforces the bearish outlook near this level.