SPX500 | Bulls and Bears Fight Over 7,456US SPX 500OANDA:SPX500USDSroshMayiSPX500 | Can SpaceX IPO Push the Index to New Highs? The SPX500 is entering a highly sensitive phase as investors focus on the expected SpaceX IPO and its potential impact on overall market sentiment. A major IPO could initially boost risk appetite and support technology-related sectors, potentially helping the index retest or even record new highs. However, after the initial excitement fades, traders will likely refocus on valuation concerns, inflation expectations, and broader economic conditions. As a result, volatility is expected to increase significantly during the coming sessions. Technically The price is currently consolidating within the 7,456 – 7,326 range. The first expected move from the upper boundary remains bearish, with sellers attempting to push the market back toward 7,326. A break below 7,326 would confirm a bearish continuation toward 7,259 and 7,196. However, if buyers manage to reclaim 7,456, bullish momentum could accelerate toward 7,496 and 7,552. A breakout above 7,552 would expose the next major resistance at 7,643. Pivot: 7,456 Support: 7,326 – 7,259 – 7,196 Resistance: 7,496 – 7,552 – 7,643