SPX500 Tests Highs as AI and Rate-Cut Hopes Support Rally

Oct 6

SPX500 – Technical Overview

The S&P 500 continues to trade near record highs as AI strength and renewed rate-cut optimism offset lingering concerns from the U.S. government shutdown.
Markets remain supported by expectations of further Fed easing, though volatility may persist around key resistance zones.

Technical Outlook

The index is testing the previous week’s highs around 6,755–6,727.

A 1H close below 6,727 would confirm a short-term bearish correction toward 6,699 → 6,662.

Conversely, a 1H close above 6,755 would reinforce bullish momentum and open the way toward 6,770 → 6,791 → 6,820.

Pivot: 6,755
Resistance: 6,770 – 6,791 – 6,820
Support: 6,727 – 6,716 – 6,699 – 6,662

Oct 7

Trade active

SPX500 – Overview

SPX500 is showing signs of a short-term correction after retesting its all-time high (ATH).
The price remains under mild bearish pressure while trading below 6,757, with key confirmation levels in focus.

Technical Outlook

As long as the index trades below 6,757, downside correction remains in play.

A confirmed break below 6,730 would establish a short-term bearish trend, targeting 6,716 → 6,699.

Conversely, a 1H close above 6,757 would shift momentum back to the upside, opening the way toward 6,770 → 6,791.

Pivot: 6,757
Resistance: 6,770 – 6,791
Support: 6,739 – 6,730 – 6,716

Oct 9

Trade closed: target reached

SPX 500 – Live Update | Moved Exactly as We Projected...

Wall Street’s bull market is approaching its third anniversary, and history suggests there may still be room to run.
Despite short-term volatility, the S&P 500 remains strong in its bullish momentum near record highs.

Technical Outlook

The index recorded a new all-time high (ATH) and maintains upward bias while trading above the pivot line at 6,757, with upside targets at 6,770 → 6,791.

However, a 1H close below 6,750 could trigger a short-term correction toward 6,731 → 6,716.

Pivot: 6,757
Resistance: 6,770 – 6,791
Support: 6,738 – 6,716