S&P500 (SPX) Price Analysis and Trade Forecast: Daily Trading Signal

Daily Price Outlook

- S&P 500 holds above 6057.69 pivot, reinforcing bullish sentiment.

- Immediate resistance at 6127.64; a break above could fuel further gains.

- 50-day EMA at 6057.18 provides key dynamic support for the uptrend.

The S&P 500 (SPX) is trading at 6083.56, up 0.36%, as the index continues its bullish momentum amid strong investor confidence. With market participants weighing Federal Reserve policy expectations and earnings results, the broader trend remains constructive.

The pivot point at 6057.69 is a key reference level for traders. A sustained move above this level strengthens the bullish outlook, with immediate resistance at 6127.64, followed by 6171.70 and 6219.27. If momentum persists, the index could target fresh highs, reinforcing optimism in equity markets.

On the downside, support lies at 6013.62, followed by 5969.55 and 5904.50. A break below these levels would signal weakness, potentially triggering a short-term pullback. However, strong buying interest near the pivot suggests continued resilience in the broader trend.

The 50-day EMA at 6057.18 acts as dynamic support, confirming the index's uptrend. As long as the price remains above this level, the bullish bias stays intact. A close below it could indicate a loss of momentum, bringing 6013.62 into focus as key support.

S&P 500 remains bullish above 6058, with a suggested buy entry at this level, targeting 6127 as a take-profit zone. A stop-loss at 6013 is recommended to manage downside risks.

S&P 500 - Trade Ideas

Entry Price – Buy Above 6058

Take Profit – 6127

Stop Loss – 6013

Risk to Reward – 1:1.6

Profit & Loss Per Standard Lot = +$690/ -$449

Profit & Loss Per Mini Lot = +$69/ -$44