S&P 500 Index Reverses From Mid 4,300 Highs Amid Mixed Markets

Azeez Mustapha



Select a Plan


 1-month subscription



 3-month subscription



 6-month subscription



 lifetime subscription



 Separate Swing Trading Group



Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored


Service for copy trading. Our Algo automatically opens and closes trades.


The L2T Algo provides highly profitable signals with minimal risk.


24/7 cryptocurrency trading. While you sleep, we trade.


10 minute setup with substantial advantages. The manual is provided with the purchase.


79% Success rate. Our outcomes will excite you.


Up to 70 trades per month. There are more than 5 pairs available.


Monthly subscriptions begin at £58.

S&P 500 Price Analysis – July 6

As risk appetite dwindles during the mid-week, the S&P 500 index appears fatigued after more than a week rally to register a fresh record high at 4,359 level. Nonetheless, the present sentiment indicates the price is hovering around the all-time high of 4,359, which was hit today.

Key Levels
Resistance Levels: 4450, 4400, 4360
Support Levels: 4300, 4250, 4150
S&P 500 Long term Trend: Bullish
Daily, the S&P 500 rally has finally extended past 4350, with additional levels of resistance stretching up to the 4359 high today. The most likely scenario is for a cap in the 4390/4400 range, followed by a potentially longer correction period.

The MA 5 appears to be propelling price from the 4200s to the 4350s. On the downside, 4250 (psychological level) is a major support level that correlates with the MA 200. If the index closes below that level daily, it may be forced to attempt a decline toward the 4150 levels in the coming sessions.
S&P 500 Short term trend: Ranging
On the 4-hour time frame, the S&P 500 index is in a positive trend, which means intra-day trades can be derived based on the larger time frame’s trend. The price has established a bullish pattern on the 4-hour time frame, which frequently breaks in the direction of the present trend.

The RSI is now overbought and reversing downwards within the upside channel, but if it breaks below that level, it could be the first sign that the bears are set to start their party, implying more weakness ahead. Short positions below 4300 levels are preferred, with targets at 4250 and 4150 in extension. Alternatively, the levels at 4390 and 4400 as goals for further gains.

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *