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

Daily Price Outlook

- Bearish momentum strengthens below 5686, with downside targets at 5599 and 5506.

- The 50-day EMA at 5662 acts as a key inflection point, balancing near-term market sentiment.

- Entry Price: Sell below 5686, targeting 5561, with a stop loss at 5770.

The S&P 500 is trading at 5662.88, holding steady with a slight uptick of 0.01% as traders navigate a market influenced by economic data and Federal Reserve signals.

The 50-day EMA at 5662.39 is currently aligning with price action, acting as a key dynamic level that could dictate near-term direction.

The pivot point at 5686.10 serves as a critical marker for today’s session. If the index fails to reclaim this level, a bearish move could accelerate toward immediate support at 5599.00, followed by 5506.10 and 5407.38.

The lack of upside momentum suggests potential weakness, with profit-taking emerging after recent highs.

On the upside, resistance is noted at 5780.12, with further barriers at 5859.14 and 5938.11. A breakout above these levels would suggest renewed bullish sentiment, possibly leading to fresh all-time highs.

A sell-off below 5686 could confirm a bearish breakout, increasing the likelihood of a correction toward 5561.

S&P 500 - Trade Ideas

Entry Price – Sell Below 5686

Take Profit – 5561

Stop Loss – 5770

Risk to Reward – 1: 1.4

Profit & Loss Per Standard Lot = +$1250/ -$840

Profit & Loss Per Mini Lot = +$125/ -$84