> TradesElliot | Expert Elliott Wave Trading Strategies & Analysis

S&P 500 Index Market Update

Grow Your Portfolio with Consistent Success 

 

Master the art of trading and achieve consistent profitability in any market condition.

Start making winning trades today with expert guidance and real-time insights.

🔹 No commitments – All memberships renew automatically, and you can cancel anytime.

$SPX Daily Chart

(Click image to enlarge)

 

 

 

📊 S&P 500 Index ($SPX) Market Update

 

SPX opened at 5411.99, briefly dipped to 5386.44, and remained in a tight consolidation range for most of the session. Momentum is slower this week, so patience is key within the broader 5339–5500 range.

 

Key Technical Outlook:

A breakout above 5465 opens the door for a test of 5500, a critical resistance zone.

If SPX reclaims 5500, bulls could target a move back to 5670 in the coming sessions.

 

🟢 Levels Above: $5400, $5435, $5465, $5500, $5537

🔴 Levels Below: $5374, $5339, 5272, 5200

 

📝 Note:

Price action is slower this week — stay selective, and allow trades to come to you.

Focus on breakout confirmation and volume follow-through above 5465/5500 for cleaner setups.