S&P500
The index remains in an uptrend and has left an important gap around the 7,653 level, which currently serves as the dividing line between bullish and bearish scenarios. As long as this level holds, another move to fresh highs remains possible. A break below the main rising green trendline would strengthen the case for a corrective phase. Falling below 7,653 would also signal a change in the current bullish market structure. On the upside, if buying momentum remains intact, the index could target 7,813 and eventually the major resistance zone at 8,125.
Resistance levels: 7,813; 8,125; 8,438
Support levels: 7,188; 6,875; 6,563; 6,250; 5,938.
