S&P 500 (SPX) – Long-Term Channel & Target ZoneS&P Index Cash CFD (USD)VANTAGE:SP500absikoS&P 500 (SPX) – Long-Term Channel & Target Zone 🔹 Technical Overview The S&P 500 continues to trade within a well-defined ascending channel since the 2020 lows. The index recently recovered strongly from the 2022 correction and is now approaching the upper half of the channel. Measured move from the last significant swing suggests potential upside continuation into a higher target zone. 🔹 Key Levels Support zone: 5,950 – 6,200 (lower channel area). Major resistance / target zone: 7,729 – 8,837 USD. Channel resistance: aligns with the upper boundary of the long-term trend channel. 🔹 Interpretation As long as the index remains inside the ascending channel, the broader trend is bullish. A confirmed breakout above 7,729 would open the door to test the extended target near 8,837. Losing the channel support (below 5,900) would signal a deeper correction and invalidate the near-term bullish structure. 🔹 Conclusion The S&P 500 remains in a structural uptrend, respecting its long-term channel. The next major upside target zone sits between 7,729 and 8,837 USD, provided the index holds above the 6,000 area. 📝 Quick Key Points 📊 Trading inside a long-term ascending channel. 📍 Support: 5,950–6,200 USD. 📍 Resistance / target zone: 7,729–8,837 USD. ⚠️ Breakdown below 5,900 would negate the bullish outlook.