SPX500 – Overview
The index dropped nearly 500 points (~0.9%), in line with the previous outlook, and continues to face bearish pressure as long as it trades below the pivot at 6,425.
Technical Outlook:
🔻 Bearish scenario: While under 6,425, downside momentum remains intact toward 6,389 → 6,366.
🔺 Bullish scenario: A confirmed 1H close above 6,425 would shift momentum upward, targeting 6,442 → 6,468.
Key Levels:
Pivot: 6,425
Support: 6,389 – 6,366
Resistance: 6,442 – 6,468
Previous idea:
The index dropped nearly 500 points (~0.9%), in line with the previous outlook, and continues to face bearish pressure as long as it trades below the pivot at 6,425.
Technical Outlook:
🔻 Bearish scenario: While under 6,425, downside momentum remains intact toward 6,389 → 6,366.
🔺 Bullish scenario: A confirmed 1H close above 6,425 would shift momentum upward, targeting 6,442 → 6,468.
Key Levels:
Pivot: 6,425
Support: 6,389 – 6,366
Resistance: 6,442 – 6,468
Previous idea:
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.