SPX500 – Overview
The S&P 500 reached our target at 6,506 and is still pushing higher toward 6,527.
Technical Outlook:
📈 Bullish scenario: As long as price holds above 6,506, momentum is expected to continue toward 6,527 → 6,550.
📉 Bearish scenario: A confirmed 1H close below 6,506 would open the way to 6,490, with further downside risk toward 6,469.
Key Levels:
Pivot: 6,506
Resistance: 6,527 – 6,550
Support: 6,490 – 6,469
📌 Bias: Bullish while above 6,506; bearish momentum resumes only if price closes below this pivot.
previous idea:
The S&P 500 reached our target at 6,506 and is still pushing higher toward 6,527.
Technical Outlook:
📈 Bullish scenario: As long as price holds above 6,506, momentum is expected to continue toward 6,527 → 6,550.
📉 Bearish scenario: A confirmed 1H close below 6,506 would open the way to 6,490, with further downside risk toward 6,469.
Key Levels:
Pivot: 6,506
Resistance: 6,527 – 6,550
Support: 6,490 – 6,469
📌 Bias: Bullish while above 6,506; bearish momentum resumes only if price closes below this pivot.
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.