SPX 1W – Long-Term Breakout Holding, Can the Rally Sustain?

The S&P 500 just printed a weekly breakout above historical highs, tapping into uncharted territory above 6,300 — but now the question is whether the trend can sustain or if a deeper retest is on the horizon.

🔹 Macro Structure

Multiple clean support levels exist below, each marking prior macro pivots — from the 2020 breakout to the 2022 base.

The most immediate zone of interest is 6,100–6,200, which could act as a bullish retest zone if this breakout is valid.

Deeper downside remains structurally healthy unless 4,250 or below is breached.

🔹 Trend Health

Price remains well above the EMA 50 and 100, showing no signs of structural weakness.

Pullbacks into the EMAs historically triggered trend continuation — and bulls will likely treat those zones as reload points.

🔹 Big Picture

As long as SPX holds above 5,400, the macro bull trend remains intact.

A drop to retest lower zones wouldn’t necessarily break the uptrend — but it would shake sentiment and invite reaccumulation.

Is this the beginning of a new macro leg — or the last shake before a deeper correction?
Let’s chart it out 👇