S&P 500 Weekly Breakdown



Just weeks ago, market sentiment hit rock bottom near key support levels. The doom-scrolling was intense—everyone swore the AI rally had finally topped out. Yeah, right.

Here's what actually happened: when the index held support and formed a higher low, that was the real tell. Price action doesn't lie. Yesterday proved it—SPY pushed through resistance and S&P 500 posted fresh all-time highs.

This is textbook bullish structure. Support holds, higher low forms, then breakout. The bears had their moment; now we're seeing what happens when technicals actually align with fundamentals.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned