AlphaTrack – SPX500 Bullish Breakout Potentially Signals Fresh Highs
The SPX500’s bullish breakout, strengthening momentum and improving fundamentals point to further upside towards fresh highs, provided the RSI holds above 50.
The SPX500’s bullish breakout, strengthening momentum and improving fundamentals point to further upside towards fresh highs, provided the RSI holds above 50.
The BoJ raised rates in the fastest tightening cycle since 1990, but two dissenters add a dovish spin and the Nikkei's outlook relies more on the AI boom than monetary policy.
Higher oil, elevated yields and AI uncertainty are testing markets, but easing pressures and solid earnings are keeping the broader investment case intact.
The SPX500 is testing key support at 7,580 as weakening momentum and tighter financial conditions offset still-resilient earnings.
Strong earnings are keeping the bull market alive, but rising oil, near-5% Treasury yields and doubts over AI returns are leaving far less room for disappointment.
Oil, the dollar, gold and SPX500 are converging on key technical levels as higher energy prices, elevated yields and Friday’s US CPI set up a potentially decisive cross-asset move.
SPX500 maintains its upside bias but its trajectory will be shaped by key events this week, including Oracle earnings, oil prices, the CPI print and the deficit update.
The S&P 500 remains locked in a technical and fundamental stalemate around 7,700, with neutral momentum, resilient growth, higher oil prices and renewed Fed tightening risk leaving inflation data as the most likely catalyst for the next decisive move.
Tesla launched its purpose-build the Cybercab in a closed-door event, leaving major questions unanswered regarding the rollout, regulatory compliance, and whether it will be sold to the public.
SPX500 is consolidating near record highs as strong earnings support the market, while higher yields, sticky inflation and geopolitical risks cap further upside.
Shares of Salesforce jumped after strong revenue guidance which, alongside a deepening Anthropic partnership, helped mitigate SaaSpocalypse worries - but AI disruption risks do not go away.
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