S&P 500 stalls near records; key levels in focus
SPY•The S&P 500 rose 0.4% to 7,690.73 on Monday, leaving it 1.6% below its October 6 record close. The index has gained 1.1% since June 2, while key support levels range from 7,685 to the 100-day moving average near 7,600.
1. Index nears record highs
The S&P 500 rose 0.4% on Monday to 7,690.73, 1.6% below its October 6 record close and 2.0% below its intraday record. The index is up 12.4% for the year, but has gained just 1.1% since closing at a then-record 7,609.78 on June 2. It has posted 28 record closes in 2026, with only four since early June.
2. Key levels in focus
On the downside, a weekly Gann line sits near 7,685, with support at the October 16 low of 7,631.77 and October 1 low of 7,616.78. The rising 100-day moving average is near 7,600; below it, attention would turn to the September 16 low of 7,507.77 and the June-July trough zone between roughly 7,237 and 7,313. On the upside, the 50-day moving average is near 7,705, and a move above the October 16 high of 7,756.84 would put the record highs back in play.
