{"id":14338,"date":"2025-07-30T12:58:37","date_gmt":"2025-07-30T12:58:37","guid":{"rendered":"https:\/\/alchemymarkets.com\/?post_type=market_insights&p=14338"},"modified":"2025-07-30T12:58:38","modified_gmt":"2025-07-30T12:58:38","slug":"fed-stays-cautious-as-sampp-500-tests-key-resistance-can-bulls-push-higher","status":"publish","type":"market_insights","link":"https:\/\/alchemymarkets.com\/it\/education\/market-insights\/opening-bell\/fed-stays-cautious-as-sampp-500-tests-key-resistance-can-bulls-push-higher\/","title":{"rendered":"Fed Stays Cautious as S&P 500 Tests Key Resistance: Can Bulls Push Higher?"},"content":{"rendered":"\n

Pretty much what was expected from the Fed\u2014rates held steady at 4.25\u20134.50%. No surprise, no pivot talk either. Powell stayed on script: inflation is improving, but not enough to move yet. He kept it open-ended, data-dependent as always.<\/p>\n\n\n\n

Markets didn\u2019t really react one way or the other. But forward-looking? Still in wait-and-see mode. A rate cut in September is still on the table, but not a given. Everything now rides on the next few inflation and jobs prints.<\/p>\n\n\n\n

\n\n\n\n

S&P 500 Chart Check (4H)<\/strong><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Price is sitting right at the upper bound of the channel that\u2019s been intact since late 2023. Every time we\u2019ve touched this upper trendline, we\u2019ve seen some form of cooling or sideways grind\u2014and this setup looks no different.<\/p>\n\n\n\n

What’s more interesting here is the\u00a0RSI<\/a> divergence<\/strong>\u00a0creeping in. Price keeps grinding up, but RSI has been making lower highs since early July. Classic sign of momentum fading.<\/p>\n\n\n\n

\n\n\n\n

Technicals Lining Up<\/strong><\/p>\n\n\n\n

    \n
  • Channel Resistance:<\/strong>\u00a0Price is testing the upper band of a multi-month rising channel. Historically a place where we pause or pull back.<\/li>\n\n\n\n
  • RSI Bearish Divergence:<\/strong>\u00a0Price up, RSI down = potential exhaustion.<\/li>\n\n\n\n
  • Momentum Stall:<\/strong>\u00a0RSI hovering near 65\u201370 zone, not overbought but close. It wouldn\u2019t take much for it to roll over.<\/li>\n<\/ul>\n\n\n\n
    \n\n\n\n

    How This Sets Us Up<\/strong><\/p>\n\n\n\n

    We\u2019ve had a strong run, but we\u2019re now at a key inflection. No breakout yet. No breakdown either. Just range-bound price action with cooling momentum. If inflation continues to come in soft and jobs ease a bit, the Fed has room to cut\u2014but until we get confirmation, markets may just drift.<\/p>\n\n\n\n

    Bias:<\/strong> Neutral to sideways
    Catalyst:<\/strong> Upcoming PCE + CPI + NFP
    Trigger Zones:<\/strong><\/p>\n\n\n\n

      \n
    • Resistance: 6,400\u20136,420<\/li>\n\n\n\n
    • Support: 6,150 and 5,950<\/li>\n<\/ul>\n\n\n\n

      <\/p>\n","protected":false},"excerpt":{"rendered":"

      The Fed holds rates steady amid sticky inflation, while the S&P 500 stalls at major resistance with RSI divergence hinting at potential sideways action.<\/p>\n","protected":false},"author":162,"featured_media":14343,"parent":0,"comment_status":"open","ping_status":"closed","template":"","market_insights_categories":[17],"class_list":["post-14338","market_insights","type-market_insights","status-publish","has-post-thumbnail","hentry","market_insights_categories-opening-bell"],"acf":[],"yoast_head":"\nFed Stays Cautious as S&P 500 Tests Key Resistance: Can Bulls Push Higher? - Alchemy Markets<\/title>\n<meta name=\"description\" content=\"The Fed holds rates steady amid sticky inflation, while the S&P 500 stalls at major resistance with RSI divergence hinting at potential sideways action.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/alchemymarkets.com\/it\/education\/market-insights\/opening-bell\/fed-stays-cautious-as-sampp-500-tests-key-resistance-can-bulls-push-higher\/\" \/>\n<meta property=\"og:locale\" content=\"it_IT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fed Stays Cautious as S&P 500 Tests Key Resistance: Can Bulls Push Higher? 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