SPX500 at New ATH – Will NFP Fuel the Next Leg Up?

4 天前

SPX500 Outlook: Trade Optimism Fades as Focus Shifts to U.S. Jobs Data

Caution prevails ahead of today’s high-impact U.S. Nonfarm Payrolls report, which could be pivotal for the July rate cut narrative. A weaker print may support risk assets and push SPX500 higher, while a strong report could dampen momentum.

Technical Analysis (SPX500):

SPX500 has printed a new all-time high and is now targeting 6287, especially if the index closes above 6246 on the 1H chart.

As long as price holds above 6225 (pivot), the bias remains bullish, with potential upside targets: 6287 & 6325

However, a 4H close below 6213 would suggest a correction toward: 6190 & 6143

Key Levels:
• Resistance: 6287 / 6325
• Support: 6190 / 6143

Stay alert — today's NFP report could trigger major moves across indices and FX.

4 天前

交易進行

SPX500
Update

Moving Well +270 pip

SPX500 has pushed up strongly, gaining +270 pip, and is now testing the key resistance at 6,287.

To maintain bullish momentum, price needs to stabilize above 6,287.
If successful, we expect a continuation toward 6,350.
Otherwise, price may range between 6,246 and 6,287 until a breakout occurs.

timeframe 4h, 1h
current price 6287