S&P 500 - What after 6010 – Key GDP Data in Focus
S&P 500 (SPX500) Analysis – February 27, 2025
The S&P 500 has declined to 5937, as expected, after rejecting the 6010 pivot zone. Market sentiment remains mixed following Nvidia’s earnings, which were neither overly bullish nor bearish, while investors now shift focus to today’s GDP release:
If GDP comes in below 2.3%, a bullish reaction is likely.
A stronger-than-expected GDP could reinforce downside pressure on indices.
Technical Outlook
📉 Bearish Scenario:
As long as the price remains below 6010, the downtrend remains active, with the next key support at 5979 and 5937.
A 1H or 4H candle close below 5937 would accelerate the decline toward 5920.
📈 Bullish Scenario:
A break and 1H or 4H close above 6010 would indicate a bullish shift, targeting 6031.
Stability above 6031 would strengthen momentum toward 6055 and 6086.
⚠️ Market Impact:
GDP data will drive today’s market movement—watch for increased volatility.
Key Levels to Watch
🔸 Resistance: 6031 | 6068 | 6102
🔹 Pivot: 6010
🔻 Support: 5979 | 5952 | 5920
📉 Directional Bias: Bearish below 6010, but a confirmed break above 6010 could trigger a bullish shift.
The S&P 500 has declined to 5937, as expected, after rejecting the 6010 pivot zone. Market sentiment remains mixed following Nvidia’s earnings, which were neither overly bullish nor bearish, while investors now shift focus to today’s GDP release:
If GDP comes in below 2.3%, a bullish reaction is likely.
A stronger-than-expected GDP could reinforce downside pressure on indices.
Technical Outlook
📉 Bearish Scenario:
As long as the price remains below 6010, the downtrend remains active, with the next key support at 5979 and 5937.
A 1H or 4H candle close below 5937 would accelerate the decline toward 5920.
📈 Bullish Scenario:
A break and 1H or 4H close above 6010 would indicate a bullish shift, targeting 6031.
Stability above 6031 would strengthen momentum toward 6055 and 6086.
⚠️ Market Impact:
GDP data will drive today’s market movement—watch for increased volatility.
Key Levels to Watch
🔸 Resistance: 6031 | 6068 | 6102
🔹 Pivot: 6010
🔻 Support: 5979 | 5952 | 5920
📉 Directional Bias: Bearish below 6010, but a confirmed break above 6010 could trigger a bullish shift.
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~6 analyses per day. With a clear entry point
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SM World and Economy News 24/7
Urgent News ⚡️:
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
my free signals channel telegram
t.me/Srosh_signals
~6 analyses per day. With a clear entry point
more than 1000 pip per week —— Accuracy +88%
SM World and Economy News 24/7
Urgent News ⚡️:
t.me/SM_News_24h
t.me/Srosh_signals
~6 analyses per day. With a clear entry point
more than 1000 pip per week —— Accuracy +88%
SM World and Economy News 24/7
Urgent News ⚡️:
t.me/SM_News_24h
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.