Mapping the Market: S&P 500 flirts with support after wobbly month

• S&P 500 closed below its 50-day moving average and weekly Gann line last Friday, and again on Monday, but then reclaimed both on Tuesday
• Key resistance sits at the July 10 high of 7,579.83; support at the July 8 low of 7,421.82
• A break either way could determine whether 8,000 or 7,000 comes into focus next

Bulls need a close above the July 10 peak of 7,579.83 to reopen the path to record territory, with 8,000 becoming the next big magnet if fresh highs are confirmed.

On the downside, a break below the July 8 low of 7,421.82 would point to renewed selling, with support next near 7,294.18 and 7,237.85, then the rising 100-day moving average around 7,161. A deeper slide could put the psychologically important 7,000 level — and the rising 200-day average — back in focus. Middle East tensions remain the wild card that could tip the balance either way.