2 Levels I'm Watching on the S&P 500 This Week: 7,530 and 7,349S&P 500SPCFD:SPXburakkesmeci2 Levels I'm Watching on the S&P 500 This Week: 7,530 and 7,349 The index is squeezed into a tight range. The direction will be set by a break of one of these two levels. Price turned down from the recent high with a CHoCH but didn't make a low either. Right now the whole story sits between these two levels. Above: 7,530 (PDH / Weak High) Price is sitting right below this resistance. A close above 7,530 hands control to the buyers and opens up the 7,600 premium zone. Below: 7,349 (VAH) This is the floor holding price up. A close below 7,349 brings the 7,315 SMA 50 and then 6,900 into play. In short: above 7,530 is bullish, below 7,349 is bearish (in the short term). Which level do you think breaks first? 👇