The S&P 500 futures chart shows price action pulling back from the recent 5,993.50 high, now hovering near 5,868, just below the 200-day SMA at 5,885.71. The short-term support zone lies near 5,837.25, followed by a deeper pivot at 5,611.2 (50-day SMA). Rejection at the 200-day may signal a deeper retracement, while reclaiming 5,993.50 would open the door to the 6,236.50 resistance.
Outlook
Today’s session hinges on debt-ceiling rhetoric, Treasury yield moves, and key macro prints. With resistance from yields, fragile sentiment, and major earnings still ahead, markets may remain reactive and headline-driven. Traders should watch for yield stabilization and any shift in budget bill negotiations.
More Information in our Economic Calendar.
