SPX-Markets Brace for a Critical Week: Earnings and Fed Decision

7月29日

S&P 500 Analysis: Bearish Area in correction case

The S&P 500 has corrected to its resistance level at 5,490. The next move is likely a test of 5,460, with a need for stabilization below this level to confirm a downward trend.


Bullish Scenario:
Stability above 5491 means will get 5512 and above it will get 5549

Bearish Scenario:
The price will touch 5460 and then should close 4h candle below that, to be downward till 5438 and 5410

Key Levels:
- Pivot Line: 5478
- Resistance Levels: 5491, 5525, 5512
- Support Levels: 5438, 5409, 5372

Today's Expected Trading Range:
The expected trading range is between the resistance at 5512 and the support at 5409a.
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Markets Brace for a Critical Week: Earnings and Fed Decision

The S&P 500 faces its busiest week of earnings season as major tech companies report Q2 results amid market pessimism following Tesla's profit slump and Alphabet's lackluster earnings. Key reports include:

• Microsoft ( MSFT ): Expected $64 billion in revenue (Tuesday)
  
• Meta Platforms ( META ): Guidance suggests $36.5-$39 billion in revenue (Wednesday)
  
• Apple ( AAPL ) and Amazon ( AMZN ): Reporting on Thursday
  
  The performance of these tech giants, part of the "Magnificent Seven," is crucial to reignite investor confidence, especially in light of recent market volatility and the importance of artificial intelligence adoption.
  
  In parallel, the Federal Reserve will announce its interest rate decision on Wednesday, with markets keenly awaiting any indications of future rate cuts despite expectations of a rate hold.