“Trading involves a high risk to the invested capital. Understand all risks before investing”
CFI Palestine doesn’t deal with virtual assets or crypto currencies.
CFI Palestine is regulated by Palestine Capital Market Authority license number (PCMA/CFI/562776930)
-1724934015.webp)
The S&P 500 has delivered a strong performance in recent weeks, supported by easing inflationary pressures, improving expectations for Federal Reserve monetary policy, and solid US corporate earnings, particularly in the technology sector.
Recent inflation and labor market data have reinforced expectations that the Fed may adopt a less restrictive policy stance, supporting investor appetite for equities. The index has also benefited from continued momentum in technology and artificial intelligence stocks.
On the other hand, bond yields, oil prices, and geopolitical tensions remain among the key risks that could weigh on markets if they lead to renewed inflationary pressures. Therefore, US economic data, Federal Reserve decisions, and corporate earnings will remain key drivers of the US500 outlook.
Figure: US500, H4, Trading ViewFigure: US500, H4, Trading View
From a technical perspective, as per analyst analysis, the S&P 500 is trading within an overall uptrend on the four-hour chart, forming a series of higher highs. The index is also trading above the 100- and 200-period simple moving averages, indicating that longer-term momentum remains positive.
The 7,696.09 level represents a key turning point, acting as a major support level and the most recent higher low. A break below this level, followed by a four-hour candle close beneath it, could signal a potential shift from an uptrend to a downtrend. Conversely, holding above this level without forming a lower low could support the continuation of the bullish trend and positive momentum.
In the short term, the index could experience a corrective pullback toward the demand zone between 7,713 and 7,720, based on Fibonacci levels, before attempting to resume its upward move. If positive momentum remains intact, the probability of the index reaching a new high and extending its uptrend could increase.
Disclaimer: The content published above has been prepared by CFI for informational purposes only and should not be considered as investment advice. Any view expressed does not constitute a personal recommendation or solicitation to buy or sell. The information provided does not have regard to the specific investment objectives, financial situation, and needs of any specific person who may receive it, and is not held out as independent investment research and may have been acted upon by persons connected with CFI. Market data is derived from independent sources believed to be reliable, however, CFI makes no guarantee of its accuracy or completeness, and accepts no responsibility for any consequence of its use by recipients.
