S&P 500 Technical & Fundamental Outlook — Week of Nov 3–7, 2025S&P 500SP:SPXSteveGold325🧭 S&P 500 Technical & Fundamental Outlook — Week of Nov 3–7, 2025 Chart View: Price is consolidating between 6,815 support and 6,921–6,940 resistance, holding just above the major ascending trend line from October. This area marks a critical inflection: will buyers defend the trend, or will we finally break structure? 📊 Technical Breakdown Primary Trend: Uptrend intact while above trend line support. Key Support Zone: 6,800 – 6,815 (buyers last defended strongly). Major Breakdown Level: Below 6,656 opens the door to 6,550 and new lower lows. Resistance Zone: 6,921 – 6,940 (previous swing high & supply area). Bias: Neutral-to-bullish while above 6,815; bearish momentum accelerates under 6,656. 🟢 Bullish Path: Use the trend line as a launchpad to retest 6,921+. 🔴 Bearish Path: Break and close below 6,815 → target 6,656 then 6,550. 🗓 Macro Calendar – Key Events to Watch Mon (Nov 3) – ISM Manufacturing PMI (48.7 vs 49.4 prior) → Soft manufacturing data keeps Fed-cut expectations alive. Tue (Nov 4) – ECB President Lagarde speaks (2 appearances) → Watch EUR/USD volatility; global equity tone may shift if dovish. Wed (Nov 5) – ADP Employment (+31K expected after –32K prior); ISM Services PMI (50.7 exp) → Jobs rebound or slowdown will steer rate-cut bets and risk appetite. Thu (Nov 6) – Bank of England rate decision (4.00% expected hold) + Governor Bailey speech; FOMC Member Waller speaks (2:30 PM ET) → Cross-market rate tone could affect bond yields → equity valuations. Fri (Nov 7) – U.S. Non-Farm Payrolls + Unemployment + UoM Sentiment (53.0 exp) → This is the week’s main volatility catalyst. Strong jobs = hawkish pressure; weak jobs = bullish equities. 💬 Market Sentiment & Headlines AI Mania Continues: Amazon hit a record after a $38 B OpenAI deal via AWS, fueling tech momentum. Earnings Strength: 80% of S&P companies beat Q3 estimates; megacap tech remains the driver. Breadth Concerns: 300+ S&P names closed red Monday — showing the rally is narrow and fragile. Other Corporate Moves: Kimberly-Clark to acquire Kenvue ($48.7 B), Starbucks China JV announcement. Macro Backdrop: Investors await clarity on Fed policy path and global rate decisions amid softening manufacturing data. 🧩 Trader’s Take This week is all about trend-line defense vs breakdown. Stay flexible: Above 6,815 → trend continuation bias. Below 6,656 → prepare for deeper retracement toward 6,550. Macro data + AI headlines are creating a push-pull market: tech buoyancy vs broader weakness. 📅 Watch the reaction during ISM & NFP — these will likely decide direction for mid-November. #SPX #SP500 #Futures #TradingView #PriceAction #Fundamentals #TechnicalAnalysis #StockMarket #AIStocks #MacroWeek #NFP #ISM #Fed #Equities #Amazon #OpenAI #NASDAQ #SPX500