The S&P 500 just printed a weekly breakout above historical highs, tapping into uncharted territory above 6,300 — but now the question is whether the trend can sustain or if a deeper retest is on the horizon.
🔹 Macro Structure
Multiple clean support levels exist below, each marking prior macro pivots — from the 2020 breakout to the 2022 base.
The most immediate zone of interest is 6,100–6,200, which could act as a bullish retest zone if this breakout is valid.
Deeper downside remains structurally healthy unless 4,250 or below is breached.
🔹 Trend Health
Price remains well above the EMA 50 and 100, showing no signs of structural weakness.
Pullbacks into the EMAs historically triggered trend continuation — and bulls will likely treat those zones as reload points.
🔹 Big Picture
As long as SPX holds above 5,400, the macro bull trend remains intact.
A drop to retest lower zones wouldn’t necessarily break the uptrend — but it would shake sentiment and invite reaccumulation.
Is this the beginning of a new macro leg — or the last shake before a deeper correction?
Let’s chart it out 👇
🔹 Macro Structure
Multiple clean support levels exist below, each marking prior macro pivots — from the 2020 breakout to the 2022 base.
The most immediate zone of interest is 6,100–6,200, which could act as a bullish retest zone if this breakout is valid.
Deeper downside remains structurally healthy unless 4,250 or below is breached.
🔹 Trend Health
Price remains well above the EMA 50 and 100, showing no signs of structural weakness.
Pullbacks into the EMAs historically triggered trend continuation — and bulls will likely treat those zones as reload points.
🔹 Big Picture
As long as SPX holds above 5,400, the macro bull trend remains intact.
A drop to retest lower zones wouldn’t necessarily break the uptrend — but it would shake sentiment and invite reaccumulation.
Is this the beginning of a new macro leg — or the last shake before a deeper correction?
Let’s chart it out 👇
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Try our strategy optimizer at quanttradingpro.com
Developing free strategies weekly stay tuned...
Join our discord discord.gg/2systG9frc
We provide education & tools.
Developing free strategies weekly stay tuned...
Join our discord discord.gg/2systG9frc
We provide education & tools.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.