S&P 500 / It's beginning to look a lot like rate cuts

It's beginning to look a lot like rate cuts

S&P 500 Technical Analysis

The price is currently consolidating between 5620 and 5675, awaiting a breakout.

Bullish Scenario:
Stability above 5620 means will touch 5642 and above it 5672

Bearish Scenario:
If the price remains below 5620, it could lead to a corrective move down to 5584.

Key Levels:
- Pivot Line: 5620
- Resistance Lines: 5642, 5675, 5700
- Support Lines: 5584, 5553, 5525

Today's Expected Trading Range: The price is expected to fluctuate between 5584 and 5675.

Trend: Bullish momentum