The S&P 500 maintains a cautiously bullish outlook as U.S. yields edge higher and traders digest improving inflation sentiment. This week marks a pivotal moment as President Trump and President Xi meet at the APEC Summit in South Korea, where both sides are expected to finalize a trade de-escalation framework. Preliminary agreements include a pause on new U.S. tariffs, expanded Chinese agricultural purchases, and temporary relief on rare earth export restrictions. Additionally, the two leaders are expected to discuss Taiwan, fentanyl enforcement, and maritime logistics. Optimism around the talks and the positive CPI print have kept sentiment buoyant ahead of the FOMC meeting.
Key Levels: Support at 6,771.4 | Resistance at 6,917.2
Investor Takeaway: RSI at 69 trending sideways below its MA line with flat MACD selling pressures; trade optimism offsets higher yields, sustaining short-term bullish sentiment.