https://ganninsides.com/2025/08/14/sp-500-a-technical-outlook/
It feels like the S&P 500 has been running a marathon, not a sprint.
The Steady Climb
The index’s movement since early August has been all about quiet endurance. It’s not the kind of explosive, high-drama rally that makes headlines. Instead, the market has been climbing with a calm, deliberate strength, patiently absorbing any and all selling pressure. This slow and steady ascent is often a better sign for long-term health than a vertical spike, showing a market that’s building a solid foundation as it goes.
Just a Stone’s Throw Away
After weeks of this methodical climb, the S&P 500 is now right on the doorstep of a major milestone. The upside target of 6651, a level that was first put out on August 14th, feels incredibly close to being reached, perhaps even today or tomorrow. There’s a strong sense that the upcoming Fed meeting could be the final nudge needed to push the index across this finish line.
A Much-Needed Breather
Even if the market hits that target, it’s wise to expect a brief pause in the 6651 to 6681 area. After such a long, steady climb, the market needs to catch its breath. This isn’t a sign of weakness; it’s a completely normal part of a healthy trend. The path of this market remains firmly pointed higher, and the best way to approach it continues to be buying into any temporary dip. It’s just a matter of waiting for the right moment.
gann,insides 