{"id":8710,"date":"2026-07-13T12:06:32","date_gmt":"2026-07-13T09:06:32","guid":{"rendered":"https:\/\/31-preview.freshtone.ru\/spx-pulls-back-on-profit-taking\/"},"modified":"2026-07-13T12:06:32","modified_gmt":"2026-07-13T09:06:32","slug":"spx-pulls-back-on-profit-taking","status":"publish","type":"post","link":"https:\/\/31-preview.freshtone.ru\/en\/spx-pulls-back-on-profit-taking\/","title":{"rendered":"SPX pulls back on profit-taking"},"content":{"rendered":"

After several sessions of strong gains, the market is starting to lose its grip, with the S&P 500 Index<\/a> hitting the upper limit of its range and slipping into a corrective phase.\u00a0<\/p>\n

<\/p>\n

Let’s rewind to see how we got here. The rally turned out to be textbook: SPX pierced through the Bollinger Band midline, touched the top line on July 10, and came within 0.5% of its all-time high. Backing this climb was serious firepower: the Chaikin Indicator flipped from negative to firmly positive territory, while the Moving Average Oscillator crossed above zero\u2014a telltale sign that the short-term trend had decisively shifted in favor of bulls.<\/p>\n

<\/p>\n

Fast forward to today, July 13, and the music has changed. Bollinger Bands are flashing a classic rejection pattern from the upper band: a red candle with a long body and a tiny wick. This is a classic overbought warning. To be fair, the price is still above the midline, so it is too early to call it a trend reversal. However, caution alerts are piling up.\u00a0<\/p>\n

<\/p>\n

The Chaikin Oscillator is ringing a quieter alarm. Though it remains deep in positive territory, it began rolling over today. When you combine this with the bounce off the upper Bollinger Band, it paints a coherent picture: the market is seeing a wave of profit-taking after the recent surge.\u00a0<\/p>\n

<\/p>\n

From a fundamental perspective, the picture is torn. US\u2011Iran talks have calmed some nerves, but geopolitical uncertainty hasn’t gone away\u2014it is still a drag on sentiment. On the flip side, earnings season is gearing up for a monster quarter, with S&P 500 profits expected to jump 24% year\u2011over\u2011year and the forward P\/E holding firm near 20. Yet, inflation data<\/a> and Federal Reserve speeches are lurking around the corner, ready to stir things up. Such a volatile cocktail raises the odds of a correction and further profit-taking.<\/p>\n

<\/p>\n

For those ready to act, here is the trading plan:<\/p>\n

<\/p>\n

Sell SPX in the $7,530\u2013$7,580 range. Place Take profit at $7,400. Set Stop loss at $7,650.<\/p>\n

<\/p>\n

This forecast holds true from July 13 till July 20, 2026.<\/p>\n","protected":false},"excerpt":{"rendered":"

Market analysis by financial analysts and experienced traders. Forecast for S&P 500.<\/p>\n","protected":false},"author":1,"featured_media":8711,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-8710","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-forecasts"],"translation":{"provider":"WPGlobus","version":"2.12.2","language":"en","enabled_languages":["ru","en"],"languages":{"ru":{"title":true,"content":true,"excerpt":true},"en":{"title":false,"content":false,"excerpt":false}}},"yoast_head":"\r\nSPX pulls back on profit-taking - Ciraxes<\/title>\r\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"SPX pulls back on profit-taking - Ciraxes\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/31-preview.freshtone.ru\/spx-pulls-back-on-profit-taking\/\" \/>\r\n<meta property=\"og:site_name\" content=\"Ciraxes\" \/>\r\n<meta property=\"article:published_time\" content=\"2026-07-13T09:06:32+00:00\" \/>\r\n<meta name=\"author\" content=\"admin\" \/>\r\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\r\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\r\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/31-preview.freshtone.ru\/spx-pulls-back-on-profit-taking\/\",\"url\":\"https:\/\/31-preview.freshtone.ru\/spx-pulls-back-on-profit-taking\/\",\"name\":\"SPX pulls back on profit-taking - 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