US500 DAILY OUTLOOK: Where will it pause?

GVI · August 5, 2026
General

Trend: Major up

Momentum: Strong up

When in record high territory there is no reason to forecast where the move will pause.

In this case, the pace of the breakout above 7624 (former record high) argues for a pause and if I had to guess, one potential level will be 7800. In the absence of resistance, use the current record high as the only key level.

If it holds, then range is to 7624-50.

If broken, talk will be for 8000.

AT charts show intra-day supports at 7730-50.

(AT 4 hour CFD chart)

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