SPX500 Faces Bearish Pressure Below Key Pivot 6838
SPX500 – Technical Overview
The market reversed back into the pivot zone after dropping nearly 400 points.
For now, the structure remains bearish while price trades below 6838, with continuation expected toward:
→ 6815
→ 6772
A shift toward a bullish correction requires a 1H candle close above 6838, which would open the path toward:
→ 6863
→ (extended resistance) 6888
Momentum will remain sensitive as markets digest recent macro data and volatility stays elevated.
Pivot Line: 6838
Support: 6815 · 6775 · 6735
Resistance: 6862 · 6888
The market reversed back into the pivot zone after dropping nearly 400 points.
For now, the structure remains bearish while price trades below 6838, with continuation expected toward:
→ 6815
→ 6772
A shift toward a bullish correction requires a 1H candle close above 6838, which would open the path toward:
→ 6863
→ (extended resistance) 6888
Momentum will remain sensitive as markets digest recent macro data and volatility stays elevated.
Pivot Line: 6838
Support: 6815 · 6775 · 6735
Resistance: 6862 · 6888
تم فتح الصفقة
SPX500 | Technical OverviewThe price dropped nearly 1.5%, exactly as we mentioned earlier.
Today the market is fully focused on the U.S. Inflation (CPI) data, and expectations indicate a reading above 3.00%, which would generally support a bearish movement for U.S. indices.
Directional Bias
Below 6770 → the bearish trend will strengthen toward 6734, then 6713, and a break below this zone may extend the decline to 6670.
Above 6771 (pivot line) → the market will gain short-term bullish momentum toward 6797, with further extensions toward 6815–6837.
Fundamental Trigger – CPI
CPI > 3.00% → Bearish for SPX500
CPI < 3.00% → Bullish
Pivot Line: 6771
Support: 6734, 6713, 6670
Resistance: 6795, 6815, 6837
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Technical & Macro Market Analyst specializing in Gold, U.S. Indices, and Forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at:
• t.me/SM_News_24h
• t.me/Srosh_signals
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at:
• t.me/SM_News_24h
• t.me/Srosh_signals
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.