12 Mar 2026
📊 S&P 500 Alert – Holding Despite Oil Shock!
🛢 Oil Spike: Brent nears $120/bbl amid Middle East tensions
📈 Index Action: S&P 500 still near 6,775, absorbing the shock better than expected
💡 Key Observations:
Energy stocks surging 🚀
Financials weakening 💸
Tech/Semiconductors holding strong 💻 (SMH ETF supported by 100 EMA)
S&P 500 Trend: Still intact, but cracks are forming underneath
⚡ Watch Levels:
Support: $6,775.79 → $6,700 → $6,500
Resistance: $6,794.60 → uptrend intact if reclaimed
📌 Insight: Historically, equities are resilient after oil shocks. Short-term volatility may continue, but the trend holds unless support breaks decisively.
💌 Get real-time S&P 500, Forex & Energy setups:
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