Key Support at 6,537 in Focus as S&P 500 Rally Continues

The S&P 500 continues to respect the uptrend trend line that has held since April, reinforcing the strength of the current bullish momentum. Investor optimism around potential rate cuts from the Federal Reserve has provided a steady tailwind, keeping equities supported despite mixed economic data. That said, the 6,537 level remains a critical support zone—a sustained break below could signal weakening momentum and open the door to a deeper pullback. As long as the index holds above that line, however, the technical picture favors the continuation of the rally.