$SPX Chart Analysis – July 31, 2026 Close Price Action: S&P 500 closed at 7489.72 (+0.70% / +52 points). Intraday range: High 7512 – Low 7400.Key Moving Averages: 50-day MA: 7471 200-day MA: 7024 (well below, long-term uptrend intact) Bollinger Bands (10,2): Upper ≈ 7543 | Mid ≈ 7436 | Lower ≈ 73293 Support Levels: 7435–7440 (BB midpoint + recent pivot zone) 7325–7335 (lower Bollinger + prior consolidation) 7020–7050 (200-day MA major support) 3 Resistance Levels: 7510–7520 (today’s high / immediate supply) 7570–7585 (June swing highs) 7620–7630 (higher peaks from earlier in the year) Technical Indicators Snapshot: StochRSI: 0.72 (neutral-bullish, not extreme) ADX: 17.1 (weak trend strength – range environment favored) CMF: +0.065 (mild positive money flow) Estimated Levels: Pivot Point (PP) ≈ 7467 ATR (approx daily) ≈ 90–110 points VWAP (session) ≈ 7460–7480 zone CPR (Central Pivot Range): relatively tight around 7455–7480 Trading Ideas for Next Month: Bias remains constructive above the 7435–7440 zone. A sustained break and hold above 7515 opens the path toward 7580 then 7625. Failure to hold 7435 risks a deeper pullback toward 7330. With ADX low, expect continued two-way range trading rather than a strong directional trend. Monitor volume and breadth for confirmation on any breakout attempt. Preferred approach: buy dips toward support with tight risk, or wait for clear resistance breaks with follow-through. Risk Note: Index levels can reverse quickly on macro data or earnings. NOT FINANCIAL ADVICE, DYOR! $SPX sits in a defined range with clear levels. How are you positioning for August? Drop your thoughts below! #SPX #S&P500 #TechnicalAnalysis #SupportResistance #TradingIdeas