SPX Institutional View
SPX is trading above the 7000 distribution zone after a strong weekly recovery. Current price action shows institutional demand still controlling the tape, but the next major rejection area remains near 7800.
The 7000 level now becomes the first key retest zone. As long as SPX holds above it, momentum can continue toward the upper target. A weekly close back below 7000 would suggest failed continuation and increase the probability of a deeper pullback toward 6150.
Upside target: 7800
Key support/retest: 7000
Downside target if 7000 fails: 6150
Deep institutional support: 4800
Institutional read: absorption above 7000 keeps the bullish structure active. Distribution risk increases near 7800 unless new volume confirms continuation.
SPX is trading above the 7000 distribution zone after a strong weekly recovery. Current price action shows institutional demand still controlling the tape, but the next major rejection area remains near 7800.
The 7000 level now becomes the first key retest zone. As long as SPX holds above it, momentum can continue toward the upper target. A weekly close back below 7000 would suggest failed continuation and increase the probability of a deeper pullback toward 6150.
Upside target: 7800
Key support/retest: 7000
Downside target if 7000 fails: 6150
Deep institutional support: 4800
Institutional read: absorption above 7000 keeps the bullish structure active. Distribution risk increases near 7800 unless new volume confirms continuation.
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Institutional Flow & Volume Analysis
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Trading with Market Makers PRO
Institutional Flow & Volume Analysis
Institutional Flow & Volume Analysis
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.