<div id="readability-page-1"><h2>FUNDAMENTAL OVERVIEW</h2><p>The S&amp;P 500 has been surprisingly resilient this week even though the US-Iran war kept a lid on the market. The conflict entered its 7<sup>th</sup> day today and the risk of things deteriorating further and eventually dragging the stock market to new lows remains high.</p><p>In fact, the longer this war drags on, the worse the consequences will be for the global economy as growth expectations would turn negative and the Fed would not be able to act fast amid the inflationary pressures from higher energy prices. The bias for now remains neutral to bearish, so the bulls will need to wait for clear de-escalation before piling back in.</p><h2>S&amp;P 500 TECHNICAL ANALYSIS – DAILY TIMEFRAME</h2><p>On the daily chart, we can see that the S&amp;P 500 is trading around the lower bound of the 6,760-7,040 range as the US-Iran war has been weighing on the market. The buyers will likely continue to step in around the support with a defined risk below it to keep targeting the 7,040 resistance. The sellers, on the other hand, will look for a break lower to pile in for a drop into the 6,540 support next.</p><h2>S&amp;P 500 TECHNICAL ANALYSIS – 4 HOUR TIMEFRAME</h2><p>On the 4 hour chart, there’s not much we can add here as the price action has been rangebound amid the US-Iran war. The buyers will continue to step in around the support, while the sellers will look for a break to extend the drop into new lows.</p><h2>S&amp;P 500 TECHNICAL ANALYSIS – 1 HOUR TIMEFRAME</h2><p>On the 1 hour chart, we have a minor resistance zone around the 6,850 level. If the price gets there, we can expect the sellers to step in with a defined risk above the resistance to position for a break below the major support around the 6,750 level. The buyers, on the other hand, will look for a break to pile in for a rally into the 6,920 resistance next. The red lines define the average daily range for today.</p><h2>UPCOMING CATALYSTS</h2><p>Today we conclude the week with the US NFP report but continue to keep an eye on the US-Iran war as that’s what the market is focused on right now.</p></div>

.SPX

<p>The S&P 500 has shown resilience despite the ongoing US-Iran war, which poses risks of further market declines. The conflict's duration could negatively impact global economic growth and hinder the Fed's response to inflation from rising energy prices. Currently, the market bias is neutral to bearish, with buyers targeting resistance at 7,040 and sellers eyeing a drop to 6,540. Upcoming catalysts include the US NFP report, but market focus remains on the US-Iran situation.</p>

- The S&P 500 has shown resilience despite the ongoing US-Iran war, which poses risks for the stock market's future performance.  
- Currently, the index is trading near the lower bound of the 6,760-7,040 range, with buyers likely to support prices while sellers may seek a break lower.  
- Market focus remains on the US-Iran conflict and upcoming economic indicators, like the US NFP report, which could further impact market dynamics.

Investinglive

VG Mid-Cap Val

S&P 500

VG Value

Schw Us L-Cp Grw

VG S&P M-Cap 400 Val

Pro UltrPro Shrt S&Pro 500

ISHRS Russ 2000 Val

Ultr S&P 500 Pro

Direxion S&P 500 Bull 3X

iShares Core S&P US Growth

VG S&P 500

VG Growth

VG Mga Cap 300 Grw

SPDR S&P 500

Avantis US Large Cap Value ETF

Proshares Ultrashort S&P500 ETF

VG S-Cp Grw

Avantis U.S. Small Cap Value

VG S-Cp Value

Direxion S&P 500 Bear 3X

VG Mga Cap 300 Val

Avantis Int Small Cap Value

ISHRS Russ 1000 Growth

iShares Core S&P US Value

Pro UltrPro S&Pro 500

iShares Core S&P 500

The upside in the S&P 500 remains limited despite resilience amid the US-Iran war