SPX — Rebounding After Micron CatalystS&P 500 IndexTVC:SPXDCAlpha **SPX — S&P 500 — June 25, 2026** Futures are trading higher this morning following Micron’s strong earnings beat and positive guidance on sustained AI memory demand. The index had pulled back in recent sessions on tech weakness; today’s move is testing whether that was a short-term correction. **Technical Structure:** Price is attempting to stabilize after recent selling pressure. It is trading above the 7,400 area, which has provided support in the past week. Volume on the rebound is constructive so far. RSI has moved off oversold readings on shorter timeframes. **Key Levels:** **Support:** 7,400–7,420 — Recent swing low and psychological level. **Resistance:** 7,550–7,600 — Recent consolidation zone. **Invalidation:** Sustained break below 7,350 would shift the near-term bias back to corrective. **The Fundamental Context:** The S&P 500’s move is currently being driven by the AI/semiconductor complex. Micron’s results and outlook provided a positive data point, but the index still needs broader participation beyond a handful of mega-cap names to sustain upside. **Catalyst to Watch:** Continued reaction to Micron + upcoming macro data (PCE) and other big-tech earnings in the coming weeks. **The Risk:** Narrow breadth remains a vulnerability. Any reversal in AI-related sentiment could quickly pressure the index again. #SPX #SP500 #MarketAnalysis #AI #Tech