S&P 500 Wave Analysis – 25 May 2026US S&P 500 Spot IndexFXPRO:USSPX500FxPro - S&P 500 index broke resistance level 7525.00 - Likely to rise to resistance level 7700.00 S&P 500 index opened today with the upward gap which broke above the earlier resistance level 7525.00 – which stopped the previous minor impulse wave 3. The breakout of the resistance level 7525.00 should accelerate the active impulse wave 5 of the sharp impulse wave (C) from March. Given the overriding daily uptrend, S&P 500 index can be expected to rise to the next resistance level 7700.00.