Technical Analysis: S&P 500 Tags Key Level, Risks Rise
Published At: Jul 04, 2025 by
Gareth Soloway
The S&P 500 is sitting at all-time highs. Up a whopping 30% from the April 7th lows, investors are feeling the animal spirits. The stock market is rallying despite a slowing economy, tariffs and trade wars. Markets do have a history of climbing a wall of worry but it often ends in market collapse.
The S&P 500 just tagged major resistance at 6,280. This is a combination of two trend lines that are converging. Note the chart above.
Based on technical analysis, the risk of a market pullback is elevated due to this two factor resistance level.
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