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SPX500 Slips Ahead of Key Inflation Data (PCE Report in Focus)

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SPX500 – Overview

Wall Street Slips Ahead of Key Inflation Data

U.S. stock indices fell on Friday as traders turned cautious ahead of the PCE inflation report, a key release that could shape the Federal Reserve’s September rate decision. Market sentiment remains highly sensitive to incoming data.

🔹 Technical Outlook

The index is expected to pull back from 6,485 toward 6,468.

✅ A confirmed 1H close below 6,468 would extend the bearish move toward 6,447 → 6,425.
⚠️ However, if price stabilizes above 6,486 (1H/4H close), bullish momentum would resume, with upside targets at 6,506 → 6,528.

🔹 Key Levels
Support: 6,468 – 6,447 – 6,425
Resistance: 6,506 – 6,528

✅ Summary:
SPX500 is consolidating just below resistance as markets await the PCE inflation release. A break below 6,468 would confirm bearish continuation, while holding above 6,486 would reignite bullish momentum.
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SPX500 – Overview | Live Update

The index maintains bearish momentum as long as it trades below the pivot at 6,468.

Technical Outlook:
🔻 Bearish scenario: While below 6,468, the downtrend may extend toward 6,450 → 6,440 → 6,425.
🔺 Bullish scenario: A reversal and stabilization above 6,475 – 6,485 would shift momentum upward, targeting 6,508.

Key Levels:
Pivot: 6,468
Support: 6,450 – 6,440 – 6,425
Resistance: 6,476 – 6,485 – 6,508

Bias: Bearish below 6,468, but confirmation above 6,485 would favor the bulls.

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