SPX500 | Overview
U.S. Congress Poised to Get Back to Work
The U.S. government is on the verge of reopening, potentially restoring pay to federal workers and reviving key economic data releases that have been halted for weeks — leaving the Federal Reserve operating with limited visibility.
Renewed optimism over a resolution in Washington has boosted investor sentiment, supporting further upside in U.S. equities.
Technically:
The SPX500 has pushed higher and is now stabilized above the pivot level at 6877, indicating continuation of the bullish trend toward 6918 and 6941, with potential to reach new all-time highs (ATH) if momentum persists.
However, if the price closes a 1H candle below 6866, it would signal short-term weakness, leading to a bearish correction toward 6844 and 6814.
Pivot Line: 6877
Resistance: 6918 · 6941 · 6991
Support: 6845 · 6814 · 6797
U.S. Congress Poised to Get Back to Work
The U.S. government is on the verge of reopening, potentially restoring pay to federal workers and reviving key economic data releases that have been halted for weeks — leaving the Federal Reserve operating with limited visibility.
Renewed optimism over a resolution in Washington has boosted investor sentiment, supporting further upside in U.S. equities.
Technically:
The SPX500 has pushed higher and is now stabilized above the pivot level at 6877, indicating continuation of the bullish trend toward 6918 and 6941, with potential to reach new all-time highs (ATH) if momentum persists.
However, if the price closes a 1H candle below 6866, it would signal short-term weakness, leading to a bearish correction toward 6844 and 6814.
Pivot Line: 6877
Resistance: 6918 · 6941 · 6991
Support: 6845 · 6814 · 6797
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
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
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
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.