SPX500 OVERVIEW
U.S. Futures Rise as Ceasefire Eases Tensions, Focus Turns to Powell
U.S. stock futures climbed on Tuesday, with S&P 500 futures up 0.8%, extending gains from the previous session as Middle East tensions eased following a ceasefire announcement.
President Trump confirmed a ceasefire agreement between Israel and Iran, which appears to be holding for now—though early signs of potential violations have already emerged.
Market attention is now firmly on Federal Reserve Chair Jerome Powell’s testimony before Congress today, where traders hope to gain more clarity on the Fed’s economic outlook and rate path.
TECHNICAL OUTLOOK – SPX500
The price touched resistance at 6,098 and is currently hovering near that level.
Failure to break above 6,098 may trigger a short-term correction toward 6,041, before another push higher.
A confirmed breakout above 6,098 would open the path toward the All-Time High (ATH) at 6,143, followed by extended targets.
Support Levels: 6041 → 6010 → 5966
Resistance Levels: 6143 → 6175 → 6225
Stability above 6,098 confirms bullish continuation, while failure to hold may suggest a temporary pullback before resuming the uptrend.
U.S. Futures Rise as Ceasefire Eases Tensions, Focus Turns to Powell
U.S. stock futures climbed on Tuesday, with S&P 500 futures up 0.8%, extending gains from the previous session as Middle East tensions eased following a ceasefire announcement.
President Trump confirmed a ceasefire agreement between Israel and Iran, which appears to be holding for now—though early signs of potential violations have already emerged.
Market attention is now firmly on Federal Reserve Chair Jerome Powell’s testimony before Congress today, where traders hope to gain more clarity on the Fed’s economic outlook and rate path.
TECHNICAL OUTLOOK – SPX500
The price touched resistance at 6,098 and is currently hovering near that level.
Failure to break above 6,098 may trigger a short-term correction toward 6,041, before another push higher.
A confirmed breakout above 6,098 would open the path toward the All-Time High (ATH) at 6,143, followed by extended targets.
Support Levels: 6041 → 6010 → 5966
Resistance Levels: 6143 → 6175 → 6225
Stability above 6,098 confirms bullish continuation, while failure to hold may suggest a temporary pullback before resuming the uptrend.
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/
Related publications
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/
Related publications
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.