Shallow Support Continues to Anchor Price
Price continues to hover just under overhead resistance, showing neither breakdown nor breakout pressure—consistent with ongoing compression.
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Market Overview:
S&P 500 futures continue to hold within a strong uptrend, trading flat this morning while maintaining position inside the bullish momentum zone and sitting securely above shallow Fibonacci support.
Bullish/Bearish Trend Analysis
Trend Condition: Bullish Trends: 14 Bearish Trends: 0
Trend Condition: Strong Uptrend
Explanation: All 14 moving averages in the trend stack slope upward with zero bearish lines, confirming complete bullish alignment and no emerging downward pressure in the structure.
Trend Structure: wide
Implication: The wide spacing between the fast and slow EMAs reflects durable strength across the trend. Recent price action shows the restrained, steady movement typical of a mature bullish phase rather than early acceleration.
Probability Outlook:
Continuation: ~65% chance while the stack remains fully bullish and shallow support holds.
Consolidation / Pullback: ~35% chance as price continues to stall beneath multi-week resistance.
Price Action and Momentum Zones
Current Price and Change:
Currently, the S&P 500 Futures are at 6,943.75, up by 0.25 pts or 0.00% vs the prior session shown on the chart.
Market Behavior:
Today’s candle is flat, reflecting a pause after yesterday’s upward move. Price continues to hover just under overhead resistance, showing neither breakdown nor breakout pressure—consistent with ongoing compression.
Momentum Zones:
Price remains above the 23.6% retracement and inside the bullish momentum zone. Buyers continue to defend shallow levels while price presses into the upper band of the recent consolidation range.
Fib Retracement Levels
Current Position Relative to Levels:
The market is currently above the 23.6% Fib retracement on this chart.
Analysis:
Holding comfortably above the shallow Fib band keeps the recent sideways movement categorized as consolidation rather than deterioration. Deeper Fibonacci levels remain untouched, preserving strong demand under the market.
Overall Market Interpretation:
The uptrend remains fully intact with all 14 lines green, price stable inside the momentum zone, and shallow support continuing to hold firm. Ongoing compression beneath resistance suggests the market is setting up for either continued sideways digestion or a controlled breakout attempt unless shallow support breaks.
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