S&P 500 — chips rebound into big tech earnings, testing tS&P 500SP_DLY:SPXplexustendThe S&P 500 has been in a strong uptrend through 2025 into 2026, the MA bundle mostly holding as support through each pullback along the way. Last week brought a real pullback — a sharp selloff in chip stocks pulled the index back from its recent highs. This week, chips are recovering, and the index is testing its bundle again just as a heavy stretch of megacap earnings begins (Alphabet, Tesla, Intel, IBM all reporting this week). This is a useful structural test: does the bundle hold as support again through earnings volatility, or does this pullback mark a real break in trend? Not a prediction — a way to read what the structure is doing right now, as real news flow hits the tape. Not financial advice — for analysis and education only. Method: Insen / OpenTraders.