S&P500 (SPX) Price Analysis – April 11, 2025
Daily Price Outlook
The S&P 500 Index extended its losses and fell sharply to the 5,268 level during early US trading hours on Friday, as fears over an escalating US-China trade war rattled investor sentiment. The sell-off intensified after both Washington and Beijing introduced fresh tariff hikes, stoking fears of a broader economic slowdown.
S&P 500 Hit by US Tariff Surge and China’s Retaliation
The decline in the S&P 500 came shortly after the White House confirmed a cumulative 145% tariff on Chinese imports, with the new round including a 125% hike on top of the existing 20% duty. In retaliation, China’s Finance Ministry announced it would raise tariffs on US goods from 84% to 125%, effective Saturday, April 12.
This tit-for-tat action between the two largest economies has triggered a wave of risk aversion, sending equities lower while safe-haven assets like Gold rallied. The US Dollar also weakened significantly, with the US Dollar Index (DXY) falling to a three-year low below 99.50, as markets feared the worsening trade war would weigh on economic growth.
S&P 500 Under Pressure from Fed Cut Bets and Weak US Inflation
Adding to the bearish pressure on equities, soft US inflation data has further raised expectations of aggressive rate cuts from the Federal Reserve. The US Consumer Price Index (CPI) eased to 2.4% year-over-year in March, missing forecasts of 2.6%, while core CPI rose just 2.8%, below the expected 3.0%. The monthly CPI even posted a surprise 0.1% drop.
As a result, market participants are now pricing in up to 100 basis points of Fed rate cuts by year-end, with the first move potentially arriving as early as June. The dovish outlook has added to concerns over slowing economic momentum and pressured the S&P 500 even further.
Minutes from the latest FOMC meeting signaled that Fed policymakers are facing a difficult balancing act between tackling inflation and supporting growth — a dynamic that adds uncertainty to the market outlook.
Global Trade Risks and Weak China Data Amplify S&P 500 Declines
- GOLD Price Analysis – April 11, 2025
- EURUSD Price Analysis – April 11, 2025
- S&P500 (SPX) Price Analysis – April 04, 2025
Meanwhile, global growth worries were compounded by disappointing inflation data from China. The country’s CPI dropped 0.1% in March, while PPI contracted by 2.5% annually — both worse than expected. These figures reflect cooling demand in the world’s second-largest economy, further weighing on risk assets like US equities.
Although President Trump announced a 90-day pause on higher tariffs for countries other than China in a bid to ease trade tensions, the gesture did little to soothe investor concerns, as the escalating standoff with Beijing remains the dominant risk factor.
Looking ahead, market focus now shifts to the upcoming US March Producer Price Index (PPI) and Michigan Consumer Sentiment data. However, unless trade tensions ease, the S&P 500 may continue to face downside pressure in the sessions ahead.
S&P 500 – Technical Analysis
The S&P 500 is attempting to stabilize after its recent selloff, now consolidating around 5,268. A modest bounce from the 5,200 zone has brought the index back into a key technical confluence near the descending trendline and the 50-period SMA at 5,433.
This area is critical, as it marks a cluster of resistance from both a structural and moving average standpoint.
The index remains range-bound between 5,208 and 5,345, with short-term buyers showing interest above 5,211 support. The RSI at 49.76 reflects a neutral momentum tone, suggesting potential for either a breakout or more consolidation.
A sustained move above 5,345 would expose the next key resistance at 5,400, while a failure to clear this level could see the index revisiting 5,211 and possibly 5,108.
Price structure suggests a higher low is forming near 5,200, with the broader uptrend still technically intact as long as the ascending trendline holds. The 50 SMA, currently at 5,433, will act as a key barrier for bulls to reclaim in order to shift sentiment more decisively upward.
Related News
- GOLD Price Analysis – April 11, 2025
S&P500 (SPX) Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- S&P 500 holds key support at 5,211, eyeing breakout above 5,345.
- RSI stabilizing near 50 suggests momentum reset.
- Watch 5,433 as crucial trend resistance to reclaim.
The S&P 500 is attempting to stabilize after its recent selloff, now consolidating around 5,268. A modest bounce from the 5,200 zone has brought the index back into a key technical confluence near the descending trendline and the 50-period SMA at 5,433. This area is critical, as it marks a cluster of resistance from both a structural and moving average standpoint.
The index remains range-bound between 5,208 and 5,345, with short-term buyers showing interest above 5,211 support. The RSI at 49.76 reflects a neutral momentum tone, suggesting potential for either a breakout or more consolidation.
A sustained move above 5,345 would expose the next key resistance at 5,400, while a failure to clear this level could see the index revisiting 5,211 and possibly 5,108.
Price structure suggests a higher low is forming near 5,200, with the broader uptrend still technically intact as long as the ascending trendline holds. The 50 SMA, currently at 5,433, will act as a key barrier for bulls to reclaim in order to shift sentiment more decisively upward.
S&P 500 - Trade Ideas
Entry Price – Buy Above 5208
Take Profit – 5400
Stop Loss – 5108
Risk to Reward – 1: 1.9
Profit & Loss Per Standard Lot = +$1920/ -$1000
Profit & Loss Per Mini Lot = +$192/ -$100
S&P500 (SPX) Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- SPX trades below 5,494, reinforcing bearish sentiment.
- RSI indicates oversold conditions but no rebound yet.
- Bearish setup targets 5,291 with resistance near 5,640.
The S&P 500 is extending its corrective decline, slipping 0.86% to trade near 5,396.51 following a rejection below 5,640 resistance and a firm breakdown beneath the 5,494 pivot.
The price action has carved out a clear descending channel, with the index now approaching key support at 5,341.70. A breach below this level would expose the next bearish target at 5,291, reinforcing a negative technical bias in the short term.
Adding to the cautious tone is the RSI, currently hovering at 29.56—deep in oversold territory, but not yet signaling a reversal. The index continues to trade well below the 50-period SMA at 5,675, a level that also aligns with the upper bound of the descending trendline. Any bounce from current levels is likely to face strong resistance at 5,494 and then 5,640.
The broader structure suggests the market remains vulnerable to further downside, particularly if macroeconomic risks persist or if investors react negatively to upcoming job or inflation data. A bearish setup remains valid as long as SPX stays below 5,492, with a downside target at 5,291 and a stop loss at 5,641.
S&P 500 - Trade Ideas
Entry Price – Sell Below 5492
Take Profit – 5291
Stop Loss – 5641
Risk to Reward – 1: 1.3
Profit & Loss Per Standard Lot = +$2010/ -$1490
Profit & Loss Per Mini Lot = +$201/ -$149
S&P500 (SPX) Price Analysis – April 04, 2025
Daily Price Outlook
The S&P 500 (SPX) took a significant hit recently, dropping to 5,396 and reaching an intra-day low of 5,390. This sharp decline was largely driven by the rising tension between the US and China. US President Donald Trump announced new tariffs of at least 10% on all imported goods, which included a hefty 54% on Chinese products.
In response, China’s Commerce Ministry made it clear that they would take strong countermeasures to defend their interests. This exchange of tariffs has only added to the uncertainty, with worries growing about the future of the global economy.
Market Sentiment and Economic Outlook: Impact of Trade Tensions, Fed Expectations, and Labor Market Data
The global market sentiment has been flashing red, as evidenced by the bearish performance of the S&P 500 and other equity markets.
Trump’s new tariffs have raised concerns about a potential slowdown in global economic growth, with many investors now fearing a possible US recession. This uncertainty has spread across global markets, causing widespread losses.
The S&P 500 has been especially affected, as the trade tensions undermine investor confidence. There’s growing worry that a prolonged trade war could derail recovery efforts in key economies, making it a tough time for markets to stay positive.
On the US front, the broad-based US dollar (USD) has struggled to gain momentum, despite a slight bounce. Traders are increasingly expecting the Federal Reserve to cut interest rates again soon, especially with concerns about the economic slowdown fueled by Trump’s tariffs.
The potential for stagflation—a mix of rising inflation and slow economic growth—is adding to worries. This fear that the US economy could face such a scenario is putting more pressure on the broader equity markets, including the S&P 500, making investors cautious about the future.
According to the CME FedWatch tool, traders are now expecting the Federal Reserve to cut interest rates in its upcoming June meeting, as concerns about the US economy grow.
The likelihood of the Fed keeping rates steady has dropped sharply, from 81.5% last week to just 65.8%. This shift in expectations comes after President Trump’s tariff announcement, which has added more uncertainty and fueled market pessimism.
Economists are looking to the upcoming US Nonfarm Payrolls (NFP) report for insights into the health of the labor market.
However, the data likely won't change market expectations unless there is a big shift in hiring or inflation. The unemployment rate is expected to stay at 4.1%, but wage growth is predicted to slow, offering little help to the Fed’s decision-making process.
S&P 500 – Technical Analysis
The S&P 500 is extending its corrective decline, slipping 0.86% to trade near 5,396.51 following a rejection below 5,640 resistance and a firm breakdown beneath the 5,494 pivot.
The price action has carved out a clear descending channel, with the index now approaching key support at 5,341.70. A breach below this level would expose the next bearish target at 5,291, reinforcing a negative technical bias in the short term.
Adding to the cautious tone is the RSI, currently hovering at 29.56—deep in oversold territory, but not yet signaling a reversal. The index continues to trade well below the 50-period SMA at 5,675, a level that also aligns with the upper bound of the descending trendline. Any bounce from current levels is likely to face strong resistance at 5,494 and then 5,640.
The broader structure suggests the market remains vulnerable to further downside, particularly if macroeconomic risks persist or if investors react negatively to upcoming job or inflation data. A bearish setup remains valid as long as SPX stays below 5,492, with a downside target at 5,291 and a stop loss at 5,641.
Related News
- GOLD Price Analysis – April 04, 2025
S&P500 (SPX) Price Analysis – March 28, 2025
Daily Price Outlook
The S&P 500 index has been facing challenges lately, dropping to an intra-day low of 5,670. This decline is due to concerns about various macroeconomic and geopolitical issues.
In the meantime, the uncertainty around US policy, the impact of increasing tariffs, and global trade disruptions are weighing on the market. Moreover, investors are worried about potential credit rating downgrades as rising government deficits and economic instability could lead to more risks for market stability.
US Policy Uncertainty Weighs on Market Sentiment
It should be noted that the announcement of new tariffs by US President Donald Trump on imported cars and light trucks has significantly impacted investor sentiment.
These new tariffs, along with Trump's planned reciprocal tariff announcements next week, have fueled fears of a trade war, further intensifying global economic uncertainty. This has resulted in a more cautious approach from investors, contributing to a decline in the S&P 500.
On the other hand, Moody's has warned that the combination of tax cuts and higher tariffs could widen the US government’s deficits, making a potential downgrade of the US debt rating more likely. This has raised alarms among investors, adding to the market's negative sentiment.
In the meantime, the S&P Global also warned that policy uncertainty in the US could hinder global economic growth, especially in emerging markets, while Fitch Ratings noted that smaller economies like Brazil, India, and Vietnam would be particularly vulnerable to these trade disruptions.
Therefore, the warnings from Moody’s, S&P Global, and Fitch Ratings about rising deficits, trade disruptions, and policy uncertainty heighten market concerns, leading to increased volatility and further pressure on the S&P 500 index.
Rising Treasury Yields and Economic Concerns
Another major factor affecting the S&P 500's performance is the rise in Treasury yields. As of the latest data, the 2-year US Treasury yield stood at 3.99%, and the 10-year yield was at 4.35%.
These higher yields suggest growing investor concerns about inflation and future interest rate hikes by the Federal Reserve.
Hence, the stronger US Dollar, supported by the higher yields, has also added downward pressure on the S&P 500.
US GDP Growth Surpasses Expectations Amid Escalating Global Trade Disruptions, Keeping S&P 500 Under Pressure
Despite the challenging outlook, the latest data on US Gross Domestic Product (GDP) for Q4 2024 revealed a growth rate of 2.4%, surpassing expectations of 2.3%.
This positive GDP growth has led investors to look closely at upcoming economic indicators, including the US Personal Consumption Expenditures (PCE) Price Index, due for release soon.
Meanwhile, global trade disruptions are escalating, with China’s push to strengthen its aluminum industry by 2027 and recent tariff threats from the US on copper imports adding further complexity to the market landscape.
Therefore, the stronger-than-expected GDP growth of 2.4% provides a positive outlook, but escalating global trade disruptions, including China's aluminum push and US tariff threats, add uncertainty, keeping the S&P 500 under pressure.
S&P 500 – Technical Analysis
The S&P 500 is trading at 5693.32, up 0.05%, continuing its slow grind higher as equity markets digest macroeconomic cues. The index remains above its key pivot point at 5673.60, supported by the 50-period Exponential Moving Average (EMA) at 5660.75.
This alignment signals continued bullish momentum in the short term, with traders maintaining confidence in the broader trend.
Immediate resistance is seen at 5784.91. A sustained break above this level could open the door to further upside toward 5865.56 and potentially 5968.80.
The overall price structure remains bullish, with the index trading within an upward channel on the 4-hour timeframe. While the relative strength index (RSI) hints at slightly overbought conditions, there is no immediate sign of reversal.
On the downside, support is found at 5606.24. A breach below this level may prompt a corrective pullback toward 5506.10, followed by deeper support near 5407.38.
However, unless price slips below the pivot and loses the EMA support, pullbacks are likely to be viewed as buying opportunities.
For now, the path of least resistance remains to the upside. A buy-on-dip strategy above 5670 remains favorable, with a target near 5842 and a stop-loss at 5587 for risk-managed positioning.
Related News
- GOLD Price Analysis – March 28, 2025
S&P500 (SPX) Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- S&P 500 holds firm above 5673.60 pivot and 50 EMA at 5660.75.
- Resistance levels: 5784.91, 5865.56, and 5968.80.
- Support zones: 5606.24, 5506.10, and 5407.38.
The S&P 500 is trading at 5693.32, up 0.05%, continuing its slow grind higher as equity markets digest macroeconomic cues. The index remains above its key pivot point at 5673.60, supported by the 50-period Exponential Moving Average (EMA) at 5660.75.
This alignment signals continued bullish momentum in the short term, with traders maintaining confidence in the broader trend.
Immediate resistance is seen at 5784.91. A sustained break above this level could open the door to further upside toward 5865.56 and potentially 5968.80.
The overall price structure remains bullish, with the index trading within an upward channel on the 4-hour timeframe. While the relative strength index (RSI) hints at slightly overbought conditions, there is no immediate sign of reversal.
On the downside, support is found at 5606.24. A breach below this level may prompt a corrective pullback toward 5506.10, followed by deeper support near 5407.38.
However, unless price slips below the pivot and loses the EMA support, pullbacks are likely to be viewed as buying opportunities.
For now, the path of least resistance remains to the upside. A buy-on-dip strategy above 5670 remains favorable, with a target near 5842 and a stop-loss at 5587 for risk-managed positioning.
S&P 500 - Trade Ideas
Entry Price – Buy Above 5670
Take Profit – 5842
Stop Loss – 5587
Risk to Reward – 1: 2
Profit & Loss Per Standard Lot = +$172/ -$830
Profit & Loss Per Mini Lot = +$17/ -$83
S&P500 (SPX) Price Analysis – March 21, 2025
Daily Price Outlook
The S&P 500 (SPX) extended its losses and dropped below 5,662, hitting an intra-day low of 5,632. The broad market index remains under pressure as investors react to heightened geopolitical tensions, US tariff threats, and expectations of Federal Reserve rate cuts.
Geopolitical Tensions Weigh on Market Sentiment and S&P 500
Market sentiment was further dampened by escalating geopolitical tensions. Russia and Ukraine intensified aerial attacks, with Ukraine targeting Russia’s Engels airbase, resulting in fire and explosions.
Moreover, Russia launched 171 drones over Ukrainian territory, escalating the conflict. Meanwhile, Russian and US officials are set to hold talks in Saudi Arabia on Monday regarding the ongoing war.
On the other side, the tensions in the Middle East have also worsened, as Israel resumed heavy strikes across Gaza, ending a ceasefire with Hamas that had been in place since late January.
In response, Hamas launched three rockets at Israel on Thursday, further unsettling global markets. Therefore, the increasing geopolitical instability drove investors toward safe-haven assets like gold and the US dollar, while risk-sensitive equities, including the S&P 500, faced renewed selling pressure.
Trade War Fears and Tariff Uncertainty Weigh on Equities
Apart from this, investors remain concerned over US President Donald Trump's reciprocal tariff threats, set to take effect on April 2.
The uncertainty surrounding these tariffs, on top of a 25% duty on steel and aluminum implemented in February, has raised fears of a potential trade war.
Therefore, the lack of clarity on the specifics of these tariffs is keeping market participants cautious, leading to continued selling pressure on equities.
Fed Rate Cut Expectations and Stronger Dollar Weigh on S&P 500
On the US Fed front, the Federal Reserve has indicated plans for two 25-basis-point rate cuts by the end of the year, citing concerns over economic growth amid the uncertainty of Trump's trade policies.
Fed Chair Jerome Powell acknowledged that tariffs could dampen economic activity, leading to increased speculation that the central bank will lower interest rates in June, July, and October.
Meanwhile, the US dollar continues to strengthen for the third consecutive day, creating headwinds for equities and further pressuring the S&P 500.
Looking ahead, investors will closely watch updates on US tariff policies, geopolitical developments, and upcoming Federal Reserve meetings to gauge the future direction of the market.
S&P 500 – Technical Analysis
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.
Related News
- GOLD Price Analysis – March 21, 2025
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
S&P500 (SPX) Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- SPX consolidates near 5521.53, with resistance at 5599.36 limiting further upside.
- A break below 5406.38 could trigger a correction toward 5313.07.
- Market focus remains on Fed policy signals and broader macroeconomic trends.
The S&P 500 (SPX) is trading at 5521.53, holding steady after a strong run, but facing resistance as traders assess macroeconomic conditions.
The index remains above the pivot point at 5510.29, suggesting underlying strength, yet the momentum appears to be losing steam near key resistance at 5599.36. A breakout above this level could fuel further gains toward 5685.55 and 5780.12, reinforcing the longer-term uptrend.
However, downside risks persist, particularly if SPX fails to hold above 5510.29. Immediate support sits at 5406.38, and a break below this level could expose the index to a deeper pullback toward 5313.07 and 5200.68.
The 50-day EMA at 5764.78 remains a critical long-term marker, currently indicating a stretched market that may be due for consolidation or correction.
Investor sentiment remains cautious ahead of key economic events, including the upcoming Federal Reserve minutes and macroeconomic data releases.
Traders are closely monitoring inflation signals and the Fed’s policy stance, which could dictate near-term direction. A hawkish tone from the central bank may trigger profit-taking, while dovish comments could reignite bullish momentum.
For now, the index remains in a consolidation phase, with a decisive move above 5599.36 needed to confirm a continuation of the rally. Conversely, a break below 5406.38 may signal a shift in sentiment, prompting a correction.
S&P 500 - Trade Ideas
Entry Price – Sell Below 5566
Take Profit – 5443
Stop Loss – 5667
Risk to Reward – 1: 1.2
Profit & Loss Per Standard Lot = +$1230/ -$1010
Profit & Loss Per Mini Lot = +$123/ -$101
S&P500 (SPX) Price Analysis – March 14, 2025
Daily Price Outlook
The global market sentiment has been flashing red as witnessed by the continued decline in the S&P 500 (SPX), which hit an intra-day low of 5,504.
However, the ongoing concerns over US trade policies and the strengthening US dollar have put pressure on market sentiment.
Investors are worried that former President Donald Trump’s tough trade stance could shake up global markets, making businesses and traders uncertain about the future.
Moreover, expectations are rising that the Federal Reserve (Fed) might increase interest rates multiple times this year.
This has given the US dollar a boost, making it stronger, but at the same time, it has put more pressure on the stock market. As a result, investors are staying cautious, watching closely how these factors will impact the economy and their investments.
Stronger US Dollar Weighs on S&P 500 Amid Cooling Inflation
On the US front, the broad-based US dollar has been gaining strong traction in the wake of stronger-than-expected jobless claims and softer Producer Price Index (PPI) data.
This combination of economic indicators has fueled optimism about the US economy, boosting demand for the greenback.
As a result, the US Dollar Index (DXY), which measures the USD against six major currencies, has gained momentum.
At the time of writing, DXY is trading around 104.00 as investors shift their attention to the upcoming Michigan Consumer Sentiment Index data.
Meanwhile, the previously released labor market data showed that Initial Jobless Claims came in at 220,000 for the week ending March 7, lower than the expected 225,000. Additionally, continuing claims dropped to 1.87 million, below the forecasted 1.90 million, indicating resilience in the US job market.
Whereas, inflationary pressures eased, with the US PPI rising 3.2% year-over-year in February, down from 3.7% in January and below the 3.3% forecast.
Core PPI, which excludes food and energy, increased 3.4% annually, slowing from 3.8% in January. On a monthly basis, the headline PPI remained unchanged, while core PPI fell by 0.1%.
Therefore, the S&P 500 faced downward pressure as a stronger US dollar and resilient job data fueled concerns about prolonged higher interest rates, while easing inflation provided limited relief to equity markets.
Trade Policy Uncertainty and Geopolitical Risks Exacerbate Market Jitters
Apart from this, President Trump’s latest trade threats intensified fears of global economic instability. Trump recently announced a potential 200% tariff on all European wines and champagne via his social media account, raising concerns over heightened trade tensions.
This move has amplified fears of retaliatory measures from the European Union, potentially disrupting global trade flows and corporate earnings.
Meanwhile, Senate Democratic Leader Chuck Schumer confirmed his support for a GOP stopgap funding bill to keep the government open, but political uncertainty over fiscal policy continues to worry investors.
US Commerce Secretary Howard Lutnick emphasized the administration’s plan to balance the budget within three years under Trump.
While this shows a focus on fiscal discipline, investors fear that aggressive spending cuts could slow economic growth.
As a result, the S&P 500 remains under pressure, with markets reacting cautiously to ongoing political and economic uncertainties.
Looking ahead, investor focus remains on the upcoming Michigan Consumer Sentiment Index data, which could provide further insights into consumer confidence and spending trends.
S&P 500 – Technical Analysis
The S&P 500 (SPX) is trading at 5521.53, holding steady after a strong run, but facing resistance as traders assess macroeconomic conditions.
The index remains above the pivot point at 5510.29, suggesting underlying strength, yet the momentum appears to be losing steam near key resistance at 5599.36. A breakout above this level could fuel further gains toward 5685.55 and 5780.12, reinforcing the longer-term uptrend.
However, downside risks persist, particularly if SPX fails to hold above 5510.29. Immediate support sits at 5406.38, and a break below this level could expose the index to a deeper pullback toward 5313.07 and 5200.68.
The 50-day EMA at 5764.78 remains a critical long-term marker, currently indicating a stretched market that may be due for consolidation or correction.
Investor sentiment remains cautious ahead of key economic events, including the upcoming Federal Reserve minutes and macroeconomic data releases.
Traders are closely monitoring inflation signals and the Fed’s policy stance, which could dictate near-term direction. A hawkish tone from the central bank may trigger profit-taking, while dovish comments could reignite bullish momentum.
For now, the index remains in a consolidation phase, with a decisive move above 5599.36 needed to confirm a continuation of the rally. Conversely, a break below 5406.38 may signal a shift in sentiment, prompting a correction.
Related News
- GOLD Price Analysis – March 14, 2025