SPX500 Correction Before Rally? Key Levels in Focus

7월 28일

SPX500 Correction Before Rally? Key Levels in FocusSPX500 OVERVIEW

Fundamental Context:
The U.S. and EU have averted a tariff standoff. The agreement reduces the baseline tariff on most European imports to 15%, down from the previously threatened 30% by the Trump administration. In return, the EU has committed to investing approximately $600 billion in the U.S.

Additionally, U.S.–China trade talks are ongoing in Stockholm, with reports suggesting a possible 90-day extension to the tariff deadline.

Technical Outlook:
SPX500 maintains a bullish bias due to easing trade tensions. However, as long as the price trades below 6421, a short-term correction toward 6397 and 6388 is likely. A rebound is expected if the price stabilizes above 6388.

🔺 Bullish Continuation will be confirmed if a 1H candle closes above 6427, potentially targeting 6454 and 6470.

Key Levels
• Support: 6397 – 6388 – 6365
• Resistance: 6454 – 6470

7월 29일

액티브 트레이드

SPX500 Update

The price dropped and corrected precisely to our mentioned level at 6388, where it found support and reversed to the upside.

Currently, SPX500 is attempting to reach 6427. A clear break above 6427 is needed to confirm continuation of the bullish trend toward 6454.

However, as long as the price remains below the 6415–6427 zone, a bearish correction may occur before resuming the upward move.

Key Levels:
• Support: 6388 – 6365
• Resistance: 6427 – 6454