S&P 500 (US500) – Key Levels to Watch
Resistance Levels:
6,954 – October 30 record high
7,000 – Psychological round number
Support Levels:
6,750 – Near-term support
6,691 – 50-Day EMA, key trend support
6,500 – Major support zone
📌 Market Outlook:
S&P 500 is trading within a key range between 6,750 and 7,000.
A close above 7,000 may trigger bullish momentum toward new all-time highs.
A break below 6,750 could open the path toward 6,691 (50-day EMA) or even 6,500 support.
Traders should watch these zones for potential breakout or pullback opportunities.
