S&P 500 Wave Analysis

S&P 500: ⬇️ Sell

  • S&P 500 broke strong support level 6440.00
  • Likely to fall to support level 6225.00

S&P 500 index recently broke below the strong support level 6440.00 (which stopped the previous impulse wave 5 in March) and the 61.8% Fibonacci correction of the upward impulse from August.

The breakout of the support level 6440.00 should add to the bearish pressure on this index.

S&P 500 index can be expected to fall further to the next support level 6225.00 (former strong support from July and August of 2025).

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