S&P 500 Technical & Fundamental Outlook — Week of Nov 10–14 2025S&P 500SP:SPXSteveGold325Price is pushing back into a key trendline / resistance zone after bouncing off 6,550–6,600 last week. This area between 6,780–6,830 is the decision point. We either break through and resume the trend higher, or this bounce gets sold into and we rotate back lower. Key Levels 6,780–6,830: Main resistance. Trendline + prior structure. This is where direction gets decided. 6,922–6,940: If we break above the zone above, that’s the next upside target and potential trend continuation. 6,659: First downside support if price rejects this trendline. 6,550: Major support. If this goes, momentum shifts bearish. Trend Context: Bigger trend still leans bullish overall, but in the short-term price is still correcting until we reclaim and hold above the resistance zone. Trade Path Scenarios Upside: A break and hold above 6,830 opens the move back toward 6,922 → 7,009. Best setup is buying the retest, not the breakout spike. Downside: If price rejects the 6,780–6,830 zone, look for a pullback toward 6,659. Break 6,659 → continuation lower to 6,550. Break 6,550 → bigger shift in structure and sentiment. Macro This Week (U.S. Focus) This is inflation week, meaning the market will likely be quieter early and then expand in volatility Thursday–Friday. DayFocus WedFOMC Waller speaks — tone will matter ThuCPI (core + headline) + Jobless Claims → Main market mover this week FriPPI + Retail Sales confirm or reject the CPI move Key point: Market direction this week will follow CPI first, then PPI / Retail for confirmation. Current Market Tone Market is still split: AI / tech strength vs weakness in broader sectors. Last week’s pullback came from valuation pressure and softer labor tone. Traders are waiting for confirmation on whether inflation is still cooling. Breadth remains weak, meaning moves can be sharp once the trendline resolves. Plan Going Into the Week Wait for price to show its hand at 6,780–6,830. ReactionTrade Bias Hold above 6,830Long toward 6,922 → 7,009 Reject at the zoneShort back to 6,659 Break 6,659Short continuation to 6,550 Break 6,550Trend turns heavier to the downside supported by bearish news on growth