S&P 500 SPX technical analysis

SPX holds an uptrend, with price above the daily SMA20 of 768.911 and RSI14 at 53, though 24-hour momentum is slightly negative at -0.39%. The 4-hour RSI14 of 56 confirms a neutral-to-positive bias.

Price is testing the 768.045-770.355 daily support zone, which has seen one touch, while the 4-hour layer at 767.175-769.485 has two touches. Overhead, resistance at 774.03-779.37 shows five touches on both timeframes. The rising support trendlines sit near 763.82 (4h) and 764.543 (1D), each with two touches.

Bulls need to hold above 770.355 and reclaim the 774.03-779.37 resistance to extend the uptrend. Bears need a close below 767.175, targeting the deeper 745.53-762.04 zone, which has ten touches on the daily chart.