Key Resistance Level: Will S&P 500 Break Out or Turn Lower?

The S&P 500 has rebounded to 5,650 points—its level before April’s sharp sell-off and a key technical resistance zone. Following strong earnings reports from the Magnificent 7, this week’s market focus shifts to the FOMC and its signals on interest rate cuts. The market is still pricing in three rate cuts this year. ------------- Can the S&P 500 successfully break above the 5,600 level, or will it turn lower? And more importantly, can it overcome the seasonal “Sell in May” pattern?

avatarMrzorro
2025-05-08
S&P 500's Put/Call Ratio Hits 5-Year Low: Fear Fades and Bottom Near? Last Friday, with the $DJIA(.DJI)$   and the $S&P 500(.SPX)$   rising for the ninth consecutive session, the indices erased all the losses incurred since Trump's tariff announcement on April 2.  Fear Fades But Greed is Missing The S&P 500’s Put/Call open Interest ratio, a gauge of market fear, has dropped to 1.63 yesterday, its lowest level in five years. This signals that traders are buying fewer crash insurance put options relative to calls. Historically, such lows have witnessed market bottoms during the 2020 pandemic selloff and the Se
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