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

Daily Price Outlook

- S&P 500 remains below 5762.50, indicating near-term downside pressure.

- Break below 5680.36 could accelerate selling toward 5616.83 and 5558.78.

- Reclaiming 5762.50 may shift sentiment bullish, with targets at 5861.08 and 5938.02.

The S&P 500 (SPX) is trading at 5738.53, maintaining a cautious stance as investors assess market conditions ahead of key economic data. The index remains below its pivot point at 5762.50, signaling a potential downside bias.

Immediate support is located at 5680.36, with further declines potentially targeting 5616.83 and 5558.78 if selling pressure intensifies.

On the upside, resistance is seen at 5861.08, with a break above this level opening the door for a move toward 5938.02 and 6007.97.

However, the 50-day EMA at 5944.00 suggests that bulls may struggle to reclaim control unless broader market sentiment improves.

The technical outlook remains bearish as long as the index stays below 5762.50, reinforcing the risk of further downside.

A decisive break below 5680.36 could accelerate selling, pushing SPX toward deeper support zones.

Conversely, a move above 5762.50 may shift momentum in favor of buyers, with potential for an upside retracement.

S&P 500 - Trade Ideas

Entry Price – Sell Below 5762

Take Profit – 5679

Stop Loss – 5826

Risk to Reward – 1: 1.3

Profit & Loss Per Standard Lot = +$830/ -$640

Profit & Loss Per Mini Lot = +$83/ -$64