SPX500USD OVERVIEWS&P 500 Futures Subdued After Near-Record Close | Market Eyes Powell’s Comments
U.S. stock futures were muted on Wednesday after the S&P 500 closed near an all-time high, following signals from Israel and Iran that their air conflict has ended.
Investors now await further comments from Fed Chair Jerome Powell for clues on the monetary policy outlook.
TECHNICAL OUTLOOK – SPX500
The price remains in a bullish trend as long as it trades above 6,098, with upside potential toward the ATH at 6,143.
However, a 1H or 4H candle close below 6,098 would likely trigger a bearish correction toward 6,056 and 6,041.
Pivot Level: 6,098
Resistance Levels: 6,143 → 6,175 → 6,210
Support Levels: 6,066 → 6,041
Trade active
SPX500 OVERVIEW | updateS&P 500 Holds Bullish Momentum Ahead of U.S. GDP Data
The SPX500 continues to push higher, as anticipated, maintaining strong bullish momentum toward the all-time high (ATH) at 6,143,
as long as the price trades above 6,098.
However, with today’s focus on the upcoming U.S. GDP release, we may see consolidation between 6,098 and 6,143 until a decisive breakout occurs.
🔸 A 1H or 4H candle close above 6,143 will confirm continuation toward 6,175 and 6,225.
🔻 A close below 6,098 would indicate a potential bearish correction toward 6,065 and 6,041.
Key Levels
Resistance Levels: 6,143 → 6,175 → 6,225
Support Levels: 6098 → 6,065 → 6,041
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.