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$SPX
S&P500 – Weekly Technical Analysis (Short Description)
The S&P 500 is currently consolidating near a key weekly resistance zone around 6,900–6,950 after a strong bullish move. Price action shows hesitation at this supply area, suggesting a make-or-break phase.
A clean breakout and weekly close above resistance could trigger a continuation rally toward the next upside target near 7,400.
Failure to break this zone may lead to a pullback toward the major support around 5,720, marked as a strong demand area.