S&P 500 Set for Tenth Consecutive Positive July, Key Level at 5,460.48, Needs 24.05 Points, High of 5,529.64

As July 2024 comes to a close, the S&P 500 Index ($SPX) is on track to finish the month positively, marking its tenth consecutive green July. Key levels were highlighted throughout the month, with 5,460.48 identified as a critical threshold. If the index closed above this level, it would avoid a red month, which would have been the first in a decade. On July 31, the index needed to maintain a gain of 24.05 points from the previous close to ensure a positive finish. Throughout the day, the index showed resilience, reaching a high of 5,529.64. Ultimately, the $SPX is expected to close above the key level, solidifying its strong performance for July despite recent market weaknesses.