Shutdown Ends, Uncertainty Remains | SPX500 Holds Below 6866

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SPX500 | Overview

Trump Signs Bill to End Longest U.S. Government Shutdown
U.S. President Donald Trump signed a bill late at night in the Oval Office, officially ending the longest government shutdown in U.S. history, after a dinner with Jamie Dimon and top Wall Street executives.
While markets welcomed the resolution, the White House confirmed that some economic data gaps may be permanent, as October’s employment and CPI reports might never be released—a factor that could influence future Fed decision-making.

Technically:
The SPX500 has stabilized below the pivot zone at 6866, indicating continued bearish momentum with downside potential toward 6844 and 6813.
As long as the price trades below 6866, the bearish bias remains active.

However, a 1H close above 6888 would shift sentiment to bullish, targeting 6918 and a potential new all-time high (ATH) around 6940.

Pivot Line: 6866
Resistance: 6888 · 6918 · 6940
Support: 6844 · 6813 · 6768

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SPX500 | Overview

The SPX500 dropped around 2.5%, exactly as projected, as expectations for a Fed rate cut faded, triggering risk-off sentiment across equities.
Selling pressure remains in control, and the index continues to trade within a bearish momentum zone.

Technically, as long as the price remains below 6707, the bearish trend is expected to persist, targeting 6670 and 6637.
A 4H candle close above 6720 would be required to shift momentum toward a bullish recovery, with potential targets at 6754 and 6770.

Pivot Line: 6706
Resistance: 6722 · 6754 · 6770
Support: 6670 · 6637 · 6610