S&P 500
BullishArchived analysis from Sep 7, 2026, 8:19 PM
Key insight
7,699 consolidates near ATH; next meaningful resistance is the round 7,800 level. USD/JPY slide to 154.4 (-1.2%) and oil at $90.9 add cross-asset noise — hold above 7,600 to keep the bull structure valid.
7,699 holds above the 200-day MA near 6,800 and the 2025 ATH breakout zone at 6,150 — trend remains intact with no breakdown signal on the daily chart.
Main risk
USD/JPY Yen Surge & Carry Unwind
USD/JPY drops 1.2% to 154.4 today — rapid yen strength threatens carry-trade unwind that hit equities hard in Aug 2024.
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