S&P 500

Bullish

Archived analysis from Aug 17, 2026, 1:46 PM

Key insight

7,785 is live all-time-high territory — no overhead supply, so next resistance is psychological 8,000. Failure to extend above 7,800 this week risks a mean-reversion to the 50-day MA near 7,550.

Holds 7,785 at all-time highs with Nasdaq leading (+0.3%) and gold/BTC confirming risk-on tone; Dow's mild underperformance signals rotation into tech, not broad retreat.

Main risk

USD/JPY at 159.3 — BoJ policy risk

BoJ rate surprise could spike JPY, force carry-trade unwind, hit risk assets. USD/JPY flat at 159.3 keeps lid on that risk for now.

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