As of December 19, 2024, the S&P 500 Index (SPX) is trading approximately 2% below its all-time high, with recent price levels around 5935. Analysts suggest that the next resistance level for the SPDR S&P 500 ETF Trust (SPY) is approximately $596, while a support level has been identified at around $591. The SPX is currently positioned near its 50-day moving average, which is estimated to be around 5995. Market participants are closely monitoring volume exposure and the potential for price movements around these key levels, indicating a cautious outlook as traders assess market conditions.