S&P 500 Weekly Analysis: 7300 Bounce & New Buy Signal

Week 31, 2026 | 0.9% | -1.8% below all time high

• The S&P 500 experienced a sharp drop this week into the 7300 point zone which held firmly.
• The index bounced strongly out of the 7300 point zone and closed the week at the critical 7500 point zone once again.
• Bullish signals are emerging. 
• The 7500 level continues to serve as the structural line in the sand.
• The S&P 500 is now out of its cycle of weakness running from June 23 to July 28.

Daily Technicals
Levels marked in red on the chart.
The S&P 500 has now basically gone nowhere in eleven weeks.

• Bullish at 7300.
• Bearish at 7500.

Short Term Risk

• Buy signal this week.
• The buy score increased this week and triggered a buy signal.

Bottom: Buy score in green, sell score in red, S&P 500 in black.
Top right: Zoomed in version. Top left: Buy and sell signals as vertical lines.
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Long Term Risk
Very Low Risk | Low Risk | Elevated Risk | High Risk | Very High Risk

• Nol change.
• The long term risk indicator shifted to low risk in mid July 2026.

Top: Indicator with internal signals determining risk levels.
Bottom: S&P 500 in black with risk regimes ranging from very low to very high (white, grey, orange and red shaded areas).

Seasonality

• Weak August.
• Seasonality suggests a very strong Q3 start, followed by weakness in August and September.

Dashboard
All information summarized in our dashboard: