SPX: The Sky's The Limit (50 Reasons Why)

By Candy Matheson of Strawberry Blonde's Market Summary

Blogger & Retired Russell 2000 E-mini Futures Day Trader • Jul 4, 2025 at 7:00 PM EDT

With no price resistance looming above, the sky's the limit for future record high SPX closes.

The S&P 500 Index (SPX) closed on another record high today after Congress passed President Trump's 'Big Beautiful Bill,' as described in the following article.

The White House detailed 50 reasons to vote for this bill at this link.

With no price resistance looming above, the sky's the limit for future record high SPX closes.

In fact, 7,000 is the next BIG ROUND NUMBER as a potential target (at the latest by August 2026) -- and beyond, as detailed in my 2025-2029 forecast of January 24, 2025 -- should price generally remain within the bounds of the Andrews Pitchfork technical indicator shown on the monthly chart below.

Source: ZeroHedge

SPX Monthly chart

More By This Author:

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