As investors and traders closely monitor the stock market, it’s essential to stay up-to-date on the latest trends and developments. In this blog post, we’ll be discussing the current state of the SPX futures market and identifying key support levels that could impact your investment decisions.

Firstly, let’s take a closer look at the recent price action in the SPX futures market. As you can see from the chart above, there may be signs of a potential lower high forming, which could be a bearish indication. This is an important trendline to watch, as it could indicate a shift in market sentiment and potentially impact the overall direction of the market.

Moving on to key short-term support levels, 6800 is a crucial threshold that investors should keep an eye on. If this level is breached, it could lead to a further decline in the market, with the next potential support level located near 6750. This area corresponds to the channel lows and is closely watched by traders and investors alike.

However, it’s important to note that the big 6700 zone is right below these levels, and could potentially provide a significant floor for the market if support is lost. This is an area of interest for many investors, as it represents a key level of resistance and could have a significant impact on the overall direction of the market.