S&P500 (SPX) Price Analysis and Trade Forecast: Daily Trading Signal

Daily Price Outlook

- Immediate Resistance: $5,572.63; Immediate Support: $5,441.61

- 50-Day EMA: $5,484.02 acts as critical support in a bearish market.

- RSI at 42: Reflects bearish sentiment, a drop below 40 could trigger more selling pressure.

The S&P 500 (SPX) is trading at $5,503.42, down 0.30%, with bearish momentum dominating the 4-hour chart. The index has been pressured by a broader market pullback, failing to break above key resistance at $5,572.63, the current pivot point.

A move above this level could trigger a bullish reversal, pushing prices toward immediate resistance at $5,641.79 and potentially extending gains to $5,699.82.

On the downside, immediate support rests at $5,441.61, with further downside risk towards $5,381.03 and $5,320.76 if selling pressure intensifies. The 50-day Exponential Moving Average (EMA) stands at $5,484.02, acting as a critical support zone.

A decisive break below this EMA could indicate deeper market weakness and open the door for additional declines.

The Relative Strength Index (RSI) currently sits at 42, reflecting mildly bearish sentiment. If the RSI slips below 40, it could signal a stronger selling wave, while a rebound above 50 would indicate renewed buying interest. For now, the technical landscape suggests caution, as the S&P 500 struggles to maintain upward momentum.

Given this setup, traders may consider an entry above $5,465, with a take-profit target at $5,575 and a stop-loss at $5,400. A breakout above the pivot point at $5,572.63 would confirm a bullish shift, but continued weakness below the 50-day EMA could lead to further downside risks.

S&P 500 - Trade Ideas

Entry Price – Buy Above 5465

Take Profit – 5575

Stop Loss – 5400

Risk to Reward – 1: 1.6

Profit & Loss Per Standard Lot = +$1100/ -$650

Profit & Loss Per Mini Lot = +$110/ -$65