US500 range-bounded amid unresolved geopolitical uncertainty
<Fundamentals>
Lingering geopolitical risks and a packed earnings calendar kept markets range-bound last week. However, easing concerns over potential US military action related to Greenland, alongside solid US economic data, helped limit downside pressure.
Intel (INTC) reported 4Q results in line with consensus, but weak 1Q guidance weighed on sentiment. While CPU demand remained strong, production and supply constraints persisted, and yields for the 18A foundry process fell short of expectations.
Despite ongoing geopolitical risks, confidence in US equities remains intact. Goldman Sachs (GS) noted a strong risk appetite extending into 1H2026, with client equity buying positions remaining solid.
<Technicals>
US500 briefly held above the resistance at 6920 before pulling back to around the 6900 area. The index remains between both EMAs, with an unclear price structure, indicating potential consolidation within the range of 6825–6920. If the US500 breaches above EMA78 and the resistance at 6920, the index may advance toward the previous high at 7000. Conversely, if US500 fails to close above EMA21, the index may retreat further toward the next support at 6825.
source https://www.tradingview.com/chart/US500/MZ97cS6k-US500-range-bounded-amid-unresolved-geopolitical-uncertainty/
source https://www.cryptomadden.com/2026/01/us500-range-bounded-amid-unresolved.html
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