Fundamental
US500 is pushing higher as the US 2nd quarter earnings season gains momentum under President Trump's second administration amidst tariffs. Big tech earnings will have a significant impact on the index price action.
Technical
Bullish momentum is gaining as the uptrend remains strong. The RSI is approaching the overbought region however a break above the 6,333 key resistance level sees the index trading at all time highs with resistance levels at 6,475 and 6,670. A move below 6,230 sees a possible move towards supports at 6,150, 6,080 and subsequently 6,000.
by Terence Hove, Senior Financial Markets Strategist at Exness
US500 is pushing higher as the US 2nd quarter earnings season gains momentum under President Trump's second administration amidst tariffs. Big tech earnings will have a significant impact on the index price action.
Technical
Bullish momentum is gaining as the uptrend remains strong. The RSI is approaching the overbought region however a break above the 6,333 key resistance level sees the index trading at all time highs with resistance levels at 6,475 and 6,670. A move below 6,230 sees a possible move towards supports at 6,150, 6,080 and subsequently 6,000.
by Terence Hove, Senior Financial Markets Strategist at Exness
Disclaimer
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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.