SPX500 | Overview
Fundamental Insight:
S&P 500 futures edged lower early Monday as traders brace for a high-impact week.
Key events include:
- US-China trade talks in London (Monday)
- U.S. inflation data (CPI) expected midweek (Wednesday)
Markets are cautious, awaiting clarity from both geopolitical developments and macroeconomic indicators, which could trigger strong directional moves.
Technical Outlook:
The price appears to be entering a correction phase, with the potential to drop toward 5966.
A confirmed break below 5966 may extend the bearish trend toward 5938 and 5902.
However, a break above 6030 would invalidate the bearish scenario and could trigger a bullish continuation toward 6098 and potentially a new all-time high (ATH).
Pivot Line: 6010
Support Levels: 5966, 5938, 5902
Resistance Levels: 6030, 6098
Fundamental Insight:
S&P 500 futures edged lower early Monday as traders brace for a high-impact week.
Key events include:
- US-China trade talks in London (Monday)
- U.S. inflation data (CPI) expected midweek (Wednesday)
Markets are cautious, awaiting clarity from both geopolitical developments and macroeconomic indicators, which could trigger strong directional moves.
Technical Outlook:
The price appears to be entering a correction phase, with the potential to drop toward 5966.
A confirmed break below 5966 may extend the bearish trend toward 5938 and 5902.
However, a break above 6030 would invalidate the bearish scenario and could trigger a bullish continuation toward 6098 and potentially a new all-time high (ATH).
Pivot Line: 6010
Support Levels: 5966, 5938, 5902
Resistance Levels: 6030, 6098
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.