S&P 500

Key insight

7,689 is the line: bulls need a clean break above 7,750 round-number resistance to confirm trend extension; failure keeps the index in a high-altitude consolidation with downside exposure to 7,580 (50-day MA).

Holds 7,689 — flat tape with -0.06% change masks a market digesting extended gains near all-time highs, with Gold at $4,353 and oil firming signalling macro caution.

Main risk

Fed policy pivot delay

Sticky services inflation keeps Fed on hold; any hawkish FOMC signal could reprice risk assets sharply from current stretched valuations near all-time highs.