Should you buy ^GSPC index?
Last updated:
Based on market data through , StockInvest.us rates S&P500 (^GSPC) as a Buy Candidate with a technical score of 3.50 on its -10 to +10 scale. The rating is unchanged from the previous daily evaluation.
- Buy signal since
- Price since signal Up 4.28%
- 3-month trend forecast Up 1.50%
- Consistently positive technical signals over the last month
- Trading above its 200-day moving average
- +21.4% price growth over the last year
S&P500 index price up 0.574% on Friday
(Market data through Aug 07, 2026)
The S&P500 index price gained 0.574% on the last trading day (Friday, 7th Aug 2026), rising from 7,711.38 points to 7,755.61 points. During the last trading day the index fluctuated 0.569% from a day low at 7,719.19 points to a day high of 7,763.08 points. The price has risen in 7 of the last 10 days and is up by 4.62% over the past 2 weeks. Volume fell on the last day by -170 million shares and in total, 2 billion shares were bought and sold for approximately 17.13 points trillion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The index has broken the narrow and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. 7,694.92 points is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the index is predicted to reach 8,056.77 points sometime during the next 3 months.
^GSPC Signals & Forecast
Mostly positive signals in the chart today. The S&P500 index holds buy signals from both short and long-term Moving Averages giving a positive forecast for the index. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 7,635.96 points and 7,498.38 points. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, July 29, 2026, and so far it has risen 5.95%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The index should be watched closely. The index had a Golden Star Signal on Thursday, July 30, 2026 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the index in question.
Golden Star
The index had a Golden Star Signal on Thursday, July 30, 2026 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the index in question.
Support, Risk & Stop-loss for S&P500 index
S&P500 finds support from accumulated volume at 7,600.25 points and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the index tends to have very controlled movements and with good liquidity the risk is considered very low in this index. During the last day, the index moved 43.89 points between high and low, or 0.569%. For the last week the index has had daily average volatility of 1.04%.
Our recommended stop-loss: 7,480.01 points (-3.55%) (This index has very low daily movements and this gives very low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (^GSPC) For The Upcoming Trading Day Of Monday 10th
For the upcoming trading day on Monday, 10th we expect S&P 500 to open at 7,745.96 points, and during the day (based on 14 day Average True Range), to move between 7,711.48 points and 7,799.74 points, which gives a possible trading interval of +/-88.25 points (+/-1.14%) up or down from last closing price. If S&P 500 takes out the full calculated possible swing range there will be an estimated 1.14% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 7,600.25 points, some 155.36 points (2.00%) from the current price of 7,755.61 points, our system finds the risk reward attractive.
Is S&P 500 index A Buy?
Several short-term signals are positive and the index has broken the horizontal trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for S&P500 index to perform well in the short-term period.
Current score:
3.503
Buy Candidate
Unchanged
Predicted Fair Opening Price
Predicted fair opening price on August 10, 2026 - 7,745.96 points ( 0.124%).
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^GSPC Performance
Trading levels for ^GSPC
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7,789.85 | 0.441% |
| R2 | 7,773.08 | 0.225% |
| R1 | 7,762.73 | 0.0918% |
| Price | 7,755.61 | |
| S1 | 7,729.19 | -0.341% |
| S2 | 7,718.84 | -0.474% |
| S3 | 7,702.07 | -0.690% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 7,755.61 | |
| S1 | 7,600.25 | -2.00% |
| S2 | 7,497.86 | -3.32% |
| S3 | 7,337.81 | -5.39% |
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