After breaking below support, the US 500 index rebounded by more than 2% and may break through resistance. The US 500 forecast for today is positive.
US 500 forecast: key takeaways
- Recent data: U.S. Initial Jobless Claims came in at 236K
- Market impact: the data is neutral for the equity market
US 500 fundamental analysis
The Composite PMI is a leading indicator of economic conditions. Readings above 50 indicate an expansion in economic activity, while readings below 50 signal contraction. The current PMI reading at 53.0 confirms that economic growth in the United States is continuing. However, the decline relative to both the consensus forecast (53.9) and the previous reading (54.2) points to a slowdown in growth momentum compared with market expectations.
For the US 500 index, the impact of such a PMI reading is typically mixed and largely depends on market expectations regarding interest rates and corporate earnings. When the indicator comes in below forecasts, it can exert moderate short-term pressure on the index, as investors reassess expectations for economic growth and company revenues.
United States Composite PMI: https://tradingeconomics.com/united-states/composite-pmi
US 500 technical analysis
The US 500 index has formed resistance at 6,910.0. Support at 6,725.0 has been broken. A correction in the index has resulted in a shift of the trend to the downside. The potential downside target is located near 6,630.0.
US 500 price forecast scenarios:
- Bearish scenario: if prices consolidate below the broken support at 6,725.0, the index may fall to 6,630.0
- Bullish scenario: if prices break above resistance at 6,910.0, the index may rise to 6,985.0
US 500 technical analysis for 23 December 2025
Summary
Overall, the PMI reading is not negative for the US 500, as it confirms ongoing economic growth. At the same time, it reflects a deterioration in momentum compared with the previous month and market expectations. In the short term, this typically creates a neutral or mildly restraining effect on the index, without signaling a risk of a sharp economic downturn. From a technical perspective, the US 500 index may decline toward 6,630.0.
Editors’ picks
EURUSD 2026-2027 forecast: key market trends and future predictions
This article provides the EURUSD forecast for 2026 and 2027 and highlights the main factors determining the direction of the pair’s movements. We will apply technical analysis, take into account the opinions of leading experts, large banks, and financial institutions, and study AI-based forecasts. This comprehensive insight into EURUSD predictions should help investors and traders make informed decisions.
Gold (XAUUSD) forecast 2026 and beyond: expert insights, price predictions, and analysis
Dive deep into the Gold (XAUUSD) price outlook for 2026 and beyond, combining technical analysis, expert forecasts, and key macroeconomic factors. It explains the drivers behind gold’s recent surge, explores potential scenarios including a move toward 4,500 to 5,000 USD per ounce, and highlights why the metal remains a strong hedge during global uncertainty.
Source: Roboforex