SPX500 | Bulls Push Higher but Key Reversal Zone NearsUS SPX 500OANDA:SPX500USDSroshMayiSPX500 – Technical Overview The broad market index is approaching another record high, supported by a surprisingly market-friendly message from the Federal Reserve. Powell’s acknowledgment of “significant downside risks” in the labor market immediately signaled to traders that additional rate cuts remain possible. Although the rate cut itself was expected, the tone was less hawkish than feared, giving bulls confidence heading into year-end. The 9–3 split vote also revealed internal disagreement within the Fed—two members preferred no cut, while one favored an aggressive 50 bps reduction—adding uncertainty to future policy direction. Technical Analysis SPX500 currently shows bullish momentum, with price expected to move toward 6873 and 6888. However, this zone is likely to act as a reversal area, and a bearish reaction could follow from these resistance levels. As long as price remains below 6888, bearish pressure can re-emerge. If the market stays below 6852, downside continuation remains favored toward 6815. Upside continuation only strengthens if the market breaks and holds above 6888, targeting the 6918 region. Pivot Line: 6852 Resistance: 6873 · 6888 · 6918 Support: 6830 · 6815 · 6797