S&P 500 Pulls Back Amid Earnings Season; Key Support at 6730.0

The U.S. remains in the midst of corporate earnings season. Tech giant Apple Inc. reported revenue of $102.5 billion, up from $94.9 billion a year earlier, with earnings per share rising to $1.85 from $1.64. Amazon.com Inc. posted $180.2 billion in revenue versus $158.9 billion and $1.95 per share versus $1.43. Meanwhile, Mastercard Inc. reported $8.6 billion in revenue and $4.38 per share, compared to $7.4 billion and $3.89, respectively.

The bond market also maintains a positive outlook: the 10-year U.S. Treasury yield increased from 4.016% to 4.101%, the 20-year yield from 4.556% to 4.634%, and the 30-year from 4.587% to 4.655%.

Top gainers in the index include CH Robinson Worldwide Inc. (+19.71%), Cardinal Health Inc. (+15.43%), Moderna Inc. (+13.93%), and Fox Corp. Class B (+8.24%).

Leading decliners are FMC Corp. (–46.52%), Chipotle Mexican Grill Inc. (–18.18%), and Cigna Corp. (–17.39%).

Support and Resistance Levels

The index is consolidating within an upward daily trend, forming a local correction inside the channel range of 7200.0–6700.0. Technical indicators remain in a steady buy signal, though momentum has weakened amid short-term correction: fast EMAs on the Alligator indicator remain above the signal line, while the AO histogram in the buy zone forms corrective bars.

Support levels: 6730.0, 6405.0.

Resistance levels: 6970.0, 7270.0.

Trading Scenarios and S&P 500 Forecast

If the price continues to rise and consolidates above resistance at 6970.0, long positions will be relevant with a target of 7270.0. Stop-loss — 6800.0. Estimated duration: 7 days or more.

If the decline continues and the price consolidates below support at 6730.0, short positions will be relevant with a target of 6405.0. Stop-loss — 6850.0.