S&P 500 Breaks Critical Support Level

by MarketNewsData

Close: 6,672.41 (-0.92%)

Low: 6,638.90

Previous close: 6,734.11

Today’s move is important because the index closed below the critical 6,700 level for the first time.

1️⃣ What has changed today?

✔ A confirmed break of the 6,700 support

We’ve been tracking 6,700 as the must-hold level.
Today:

  • SPX opened below 6,713,
  • traded weak throughout the session,
  • never recovered 6,700,
  • and closed at 6,672, firmly below support.

This is the first real technical damage to the uptrend.

2️⃣ What level matters next?

➡ The next confirmation level is 6,650

We defined the breakdown process:

  • Close < 6,700 = warning
  • Two closes < 6,650 = trend break confirmed

Today we hit 6,638 intraday — the market tested that zone.

But SPX did not close below 6,650.

So:

⚠ Uptrend is not fully broken — but now at high risk.

Tomorrow and Wednesday matter:

  • Another close under 6,650 = trend break
  • A close back above 6,700 = failed breakdown (bullish reclaim)

3️⃣ Updated Technical Levels

🔻 Downside

  • 6,650 (confirmation level) → breaking this ends the uptrend
  • 6,500 → first real support
  • 6,300 → August base
  • 6,150 → 200-day moving average (major support)

🔺 Upside if market recovers

  • 6,700 → must reclaim to neutralize breakdown
  • 6,800 – 6,830 → resistance
  • 6,950 → next target if trend is restored

4️⃣ What today means

🟥 Today = First official breakdown warning

  • Support failed
  • Trendline likely broken
  • Buyers did not defend like they did on Nov 14

This is the first real bearish signal since April.

But…

The full trend reversal only confirms with a close under:

➡ 6,650

Tomorrow is a critical day.

5️⃣ Summary

S&P 500 closed below its key technical support of 6,700 for the first time, signaling the strongest warning yet that the seven-month uptrend may be ending. Today’s intraday low of 6,638 brought the index directly into the next support zone at 6,650 — the level traders view as the true trend-confirmation line. A close below 6,650 would confirm a breakdown, while a move back above 6,700 would indicate a failed breakdown and restore stability. The next 1–2 sessions are critical.

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