The S&P 500 experienced a turbulent week, dipping below several short-term trend-defining levels as markets reacted to heightened bond yields and shifting rate expectations. Despite the volatility, the overall trend remains bullish as long as the index stays above the critical support level of $5,760. The primary value area begins at $5,797, with initial resistance at $5,876 and a secondary target at $5,950. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
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