SPX500|Above 7200 Keeps Bulls in Control After Historic Breakout

May 1

SPX500 | Above 7200 Keeps Bulls in Control After Historic Breakout

The S&P 500 has made history, closing above 7200 for the first time after its strongest monthly gain since 2020, driven by AI momentum, aggressive dip-buying, and strong earnings sentiment.

The structure remains clearly bullish, with momentum favoring continuation while key support levels hold.

Technically:
As long as price trades above 7200, bullish momentum remains active toward 7285, with further upside toward 7305 → 7350 (new ATH zone).
A pullback toward 7200 is considered a healthy correction.
However, a sustained move below 7200 would shift momentum to bearish correction toward 7163 → 7112.

Key Levels:
Pivot Line: 7236
Support: 7200 – 7163 – 7112
Resistance: 7285 – 7305 – 7350

May 6

Trade active

SPX500 | New ATH as AI Optimism & Peace Hopes Drive Rally

U.S. stock futures are rising as markets react positively to Middle East peace hopes and continued AI-driven optimism.

The S&P 500 pushed up exactly as projected in the previous idea, rallying around +900 points (+1.30%) and recording a new all-time high.

Technically:
The bullish trend remains active toward 7360.
After reaching this level, the market may enter a consolidation phase within 7360 – 7298 before the next breakout.
A breakout above 7360 would extend gains toward 7400 → 7425.
However, a move below 7298 would trigger a corrective move toward 7255, with 7225 acting as deeper support.

Market Structure:
AI optimism + easing geopolitical fears = bullish momentum
Consolidation likely before next expansion

Key Levels:
Pivot Line: 7300
Support: 7285 – 7255 – 7225
Resistance: 7360 – 7400 – 7425

May 8

Trade closed: target reached

SPX500 | Live Update

The price stabilized above 7391 on the 1H timeframe and recorded a new ATH.

As long as price remains above 7391, we expect bullish continuation toward 7415 and 7428.
Below 7383 will be bearish movement.

Timeframe: 1H
Current Price: 7394