SPX500 OVERVIEW
Markets Calm After Powell Drama
Markets steadied Thursday following Wall Street's volatile reaction to uncertainty over Fed Chair Powell’s future. While President Trump denied plans to fire Powell, he admitted discussing the idea with lawmakers and hinted he'd prefer a resignation. For now, earnings and data are back in focus.
Technical View:
SPX500 is consolidating between 6283 and 6223.
A 1H close above 6283 may trigger a bullish move toward 6341.
Remaining below 6283 keeps bearish momentum intact toward 6223, and a break below that could start a deeper downtrend.
Key Levels:
Support: 6243, 6223, 6195
Resistance: 6305, 6341
Markets Calm After Powell Drama
Markets steadied Thursday following Wall Street's volatile reaction to uncertainty over Fed Chair Powell’s future. While President Trump denied plans to fire Powell, he admitted discussing the idea with lawmakers and hinted he'd prefer a resignation. For now, earnings and data are back in focus.
Technical View:
SPX500 is consolidating between 6283 and 6223.
A 1H close above 6283 may trigger a bullish move toward 6341.
Remaining below 6283 keeps bearish momentum intact toward 6223, and a break below that could start a deeper downtrend.
Key Levels:
Support: 6243, 6223, 6195
Resistance: 6305, 6341
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.