S&P 500 Technical Analysis: Target 7300?

Week 23, 2026 | -1.9% | +17.6% since March low

• The S&P 500 broke below the critical 7500 support zone on Friday prior to the US market close.
• The index is currently on its way to generating another 2% to 4% correction.
• The 7300 area becomes the primary downside target if the S&P 500 is rejected at the 7500 resistance zone next week.

Daily Technicals (Next Week)
Levels marked in red on the chart.
The 7500 point zone serves as active resistance now.

• Bullish at 7300.
• Bearish at 7500.

Short Term Risk (Next 12 Weeks)

• No signal this week.
• The sell score increased this week but has not yet triggered a sell 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.
Sign up with your email for free to receive buy and sell signals as soon as they occur:

Mid Term Risk (Next 3-9 Months)
Very Low Risk | Low Risk | Elevated Risk | High Risk | Very High Risk

• No change.
• The mid term risk indicator shifted from high to very high risk in mid May 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).

Long Term Risk (Next 9-18 Months)
Very Low Risk | Low Risk | High Risk | Very High Risk

• No change.
• The long term risk indicator shifted from very high to high risk at the end of April 2026.

Seasonality

• Weak May and June
• Seasonality suggests a strong Q2 start, followed by weakness in May and June.

Dashboard
All information summarized in our dashboard: