Weekly S&P 500 Index (SPX)<\/p>\n
S&P 500:<\/strong> 7,411.98 (-0.61%), support at 6,968.90, the 52-week SMA at 6,906.22, 6,815.03, 6,227.97, 5,899.24, and 4,835.04, resistance at 7,429.38 and 7,620.90.<\/p>\n All major indices remain above rising 52-week SMAs, confirming an intact long-term uptrend.<\/p>\n Outlook<\/p>\n The week\u2019s main risks are the Fed decision<\/strong>, Core PCE inflation<\/strong>, GDP<\/strong>, labor-cost data<\/strong>, and earnings from major technology and consumer companies<\/strong>. AI spending and monetization will remain important as Microsoft<\/strong>, Meta Platforms<\/strong>, Apple<\/strong>, and Amazon report<\/strong>.<\/p>\n The technical trend remains constructive, but all three indices closed lower last week and the Nasdaq posted the largest decline. The direct market forecast is for catalyst-driven trading with support levels likely to be tested if the Fed, inflation data, or earnings disappoint. A stronger tone requires the indices to hold support and begin moving back toward their listed resistance levels.<\/p>\n