S&P 500 Weekly Analysis: 7800 Resistance Rejection

Week 39, 2026 | +1.1% | -0.9% below all time high

• Following last week’s bullish signals, the S&P 500 made a very strong push higher on Monday.
• The index was rejected at the 7800 point zone once again on the following day.
• The S&P 500 trades near a new all-time high, but the 7800 zone must be broken on a daily basis before a higher continuation can occur.

Daily Technicals
Levels marked in red on the chart.
The 7800 point zone currently stands as the line in the sand.

• Bullish: 7500 Zone
• Bearish: 7800 Zone

Short Term Risk

• No signal this week  
• The buy and sell score did not change in a meaningful way

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 appear as vertical lines. Light green lines indicate buy signals that occurred while the system was already at target allocation.
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Long Term 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 September.
• Seasonality suggests a very strong Q3 start, followed by weakness in August and September.

Dashboard
All information summarized in our dashboard: