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SPX extends rally and posts record high, Scott Redler notes

SPX extends rally and posts record high, Scott Redler notes
SPX sets record as rally extends

Scott Redler, chief strategic officer at T3 Live and T3 Trading Group, observes that most equities show positive momentum as the rally continues with SPX hitting a new all-time high at 7758.

Redler highlights ongoing strength in the tape, powered by recovery in semiconductor stocks and resilience in the majority of earnings reactions. He identifies key support levels at 7610 and 7448, noting that market participants will be watching to see if early day strength persists or fades.

Redler previously analyzed a pullback as S&P 500 futures tested the $747 level amid changing sentiment in semiconductor and value technology stocks. In another recent update, he highlighted a 60-point drop in SPX futures with support identified at $739. Both events highlighted market participants’ focus on key technical support levels during recent volatility.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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