S&P500
After market tensions eased, the chart began to correct. Since the decline was not as steep as one would expect from a proper correction, we are now seeing a rapid rebound. In the short term, the index has entered an overbought zone and may soon reach the level that previously served as resistance. 6,875 could act as resistance, while the uptrend line, which is currently around 6,568, could serve as support. The index is likely to move within this range in the short term.
Resistance levels: 6,875; 7,188; 7,500.
Support levels: 6,563; 6,250; 5,937; 5,781; 5,625.
