S&P 500 Analysis: Retest or Breakout Toward New Highs?S&P 500 Technical Analysis
The price has stabilized in the bullish zone and continues to maintain upward momentum.
A potential retest of 6,051 is expected before another push toward 6,074 and 6,103. A 1-hour or 4-hour candle close above 6,103 would confirm further bullish continuation toward 6,143, potentially marking a new all-time high (ATH).
However, a 4-hour candle close below the pivot level at 6,051 could trigger bearish pressure, driving the price down toward 6,020.
Key Levels:
Pivot Point: 6051
Resistance Levels: 6077, 6103, 6122
Support Levels: 6020, 5997, 5970
Trend Outlook:
Bullish while above 6051
