S&P 500 Weekly Analysis: 6% Surge & 7800 Resistance

Week 32, 2026 | 3.6% | 6.3% since last week’s low

• Following last week’s bullish signals, the S&P 500 surged 6% from its recent low.
• This sharp rally officially ended a sideways consolidation pattern that lasted over two months.
• The breakout above the critical 7500 zone converts this level into strong support against future declines.
• The S&P 500 tested the 7800 upside target and faced an initial rejection.

Daily Technicals
Levels marked in red on the chart.
The 7800 mark stands as the key overhead resistance level that must be broken to unlock further gains.

• Bullish at 7500.
• Bearish at 7800.

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.
Sign up with your email for free to receive buy and sell signals as soon as they occur:

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: