200 DAY Simple Moving Average

The S&P 500 is approaching a pivotal technical test as seasonal weakness lines up with a possible Elliott Wave decline. A break below 7,638 could shift attention toward the 7,100–7,200 area, while a hold may keep the bullish case alive.

The Nasdaq 100 is trading in a compressed volatility setup, with Bollinger Bands tightening around the index as Elliott Wave scenarios point to sharply different outcomes. Technical traders are watching 30,195 as a key bullish confirmation area, while weakness below the lower band could revive downside targets near 27,732 and 26,900.

Gold found support as softer U.S. retail sales reduced expectations for another Federal Reserve rate hike, weakening the U.S. dollar and Treasury yields. Silver is also firming, though concerns over industrial demand could complicate its path toward key resistance.

Bitcoin and the broader crypto market are advancing as policy optimism, ETF inflows and onchain accumulation strengthen the case for a more durable move. FXCOINZ market coverage shows momentum is improving, though heavy Treasury issuance remains a near-term liquidity risk.