S&P 500 Index Performance at Close:

Financial markets experienced a strong start in June as the S&P 500 index continued its historic upward journey, achieving a new record close. This performance was supported by ongoing investor optimism regarding corporate operating profit reports, alongside a relative easing of geopolitical concerns following indications of de-escalation and expectations of a potential peace agreement regarding the conflict in the Middle East and the Iranian conflict, which positively impacted risk sentiment and pushed oil prices down.

• Closing Price: 7,599.96 points.

• Daily Change: +19.90 points (+0.26%).

• Highest Level During the Session: 7,617.66 points.

• Lowest Level During the Session: 7,562.61 points.

This close marks the 23rd historical peak for the index since the beginning of 2026 and reflects the continuation of a winning streak for the eighth consecutive day, registering the longest consecutive weekly rise (9 weeks) since late 2023, with the index rising by $11.02\%$ since the beginning of the current year.

Technical Analysis and Current Status of the Index

The index is in a historical peak area, making the upcoming resistance levels psychological and technical based on extension ratios.

• First Resistance: 7,620 points
• Second Resistance: 7,650 points
• Third Resistance: 7,700 points

• First Support: 7,560 points
• Second Support: 7,520 points
• Third Support: 7,480 points

The level of 7,560, which is close to the lowest level for Monday's session, represents a momentary protection point, while 7,520 remains the strongest support to confirm the continuation of the upward momentum.

Expected Scenarios for the Coming Period

Historically, the average return of the S&P 500 index in June is about +0.6% with a historical probability of rising reaching 64%. Based on the current technical and economic data, we anticipate two scenarios:

Scenario One: Continuation of momentum and testing new peaks, which is cautiously likely.

Continuation of the narrow upward movement targeting the upcoming psychological resistance levels at 7,650 and then 7,700 points.

Stabilization of geopolitical conditions and the release of non-farm payroll and unemployment data expected at the end of this week indicating economic stability without excessive wage inflation.

Scenario Two: Taking deserved profits and rebalancing, which is a seasonal scenario.

A decline in the index to test strong support areas at 7,550 and 7,480 points. Historical statistics spanning five decades indicate that markets tend to consolidate in the first half of June to begin short-term corrections (portfolio rebalancing) in the third and fourth weeks before launching.

Important Guidelines and Strategy for Traders

Random entry driven by FOMO at the index's historical highs carries high risk, and it is preferable to wait for healthy pullbacks to build new buying positions. This week is filled with critical data such as ISM Purchasing Managers' Index surveys and employment data on Friday. It is advisable to reduce financial leverage and activate stop-loss orders strictly to protect realized profits, especially given the market's heightened sensitivity to any data supporting prolonged high interest rates.

Conclusion

Do not chase prices at the peak and activate trailing stop-loss orders to protect your profits. Wait for temporary pullbacks to safely open new buy positions.

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