SPX500 Rejected at 6623 | Market Awaits BreakoutUS SPX 500OANDA:SPX500USDSroshMayiSPX500 | Technical & Fundamental Outlook (6 April) S&P 500 futures ticked lower as markets reacted to renewed geopolitical uncertainty following President Trump’s threats toward Iran, despite reports suggesting ongoing negotiations. Last week, Wall Street delivered a strong rebound: S&P 500 +6% (best week since November) Dow +3% Nasdaq +4.4% The market is now entering a critical phase, where early session price action will determine whether this bullish momentum can be sustained. 📊 Technically: The price has reached the key resistance level at 6623, acting as a strong rejection zone. As long as price remains below 6623, a bearish correction is expected toward 6566 → 6510 However, a confirmed 1H candle close above 6636 would shift momentum to bullish, targeting 6706 → 6770 Pivot Line: 6623 Support: 6566 – 6510 Resistance: 6636 – 6706 – 6770