SP500 – Daily Analysis

Another half-percent day, and apparently everything is back to normal. The index shrugged off the recent concerns and is once again marching confidently toward new all-time highs. The interesting part, however, is what did not happen: the indicators barely moved. After several days of deterioration beneath the surface, that relative stability is actually encouraging. Whether it marks the beginning of a healthier bullish phase—or simply a pause before the next divergence—remains to be seen. In today’s S&P 500 Technical Analysis, we take a closer look at the latest momentum structure, critical support and resistance levels, and the competing Elliott Wave scenarios to determine whether SPX has genuinely broken out—or is quietly setting another trap. CANDLES & TA Signal Another day, another higher high for the index—and another lower low for my indicator. At this point, I am almost ready to give up. Emotions aside, the technical comparison remains unchanged. As…