S&P 500 Index Wave Analysis 25 July 2025

– S&P 500 Index broke key resistance level 6300.00

– Likely to rise to resistance level 6500.00

S&P 500 Index recently broke the key resistance level 6300.00 (which stopped the previous waves 5 and (B), as can be seen below).

The breakout of the resistance level 6300.00 continues the active intermediate impulse wave (5) from the middle of this month.

Given the strong daily uptrend, S&P 500 Index can be expected to rise to the next resistance level 6500.00 (coinciding with the daily up channel from May).