SPX500 Futures – Overview
The S&P 500 continues to record new highs, peaking at 6,495 before pulling back for a correction.
Price action has since settled above 6,485 on the 4H candle — the previous high — and is now correcting back toward this level, preparing for a potential new upward move.
🔹 Technical Outlook
Holding above 6,485 will support bullish continuation toward 6,512 → 6,528 new ATH.
⚠️ A break below 6,485 and a confirmed 1H close under 6,468 (pivot) would signal a new decline toward 6,425 support.
Key Levels
Pivot: 6,468
Resistance: 6,512 – 6,528
Support: 6,485 – 6,468 – 6,438 – 6,425
✅ Summary:
SPX500 remains in a bullish structure after reaching new highs. Watch 6,485 as the key decision level — holding above favors continuation higher, while a drop below 6,468 could trigger a deeper correction.
The S&P 500 continues to record new highs, peaking at 6,495 before pulling back for a correction.
Price action has since settled above 6,485 on the 4H candle — the previous high — and is now correcting back toward this level, preparing for a potential new upward move.
🔹 Technical Outlook
Holding above 6,485 will support bullish continuation toward 6,512 → 6,528 new ATH.
⚠️ A break below 6,485 and a confirmed 1H close under 6,468 (pivot) would signal a new decline toward 6,425 support.
Key Levels
Pivot: 6,468
Resistance: 6,512 – 6,528
Support: 6,485 – 6,468 – 6,438 – 6,425
✅ Summary:
SPX500 remains in a bullish structure after reaching new highs. Watch 6,485 as the key decision level — holding above favors continuation higher, while a drop below 6,468 could trigger a deeper correction.
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
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.
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
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.