# S&P 500 Chart KISS Principle & Key Support Zones?
**Date:** 2026-06-11  
**Source:** [YouTube](https://www.youtube.com/watch?v=sBjBcz0ioqo)

## Main Thesis
The S&P 500 is currently in a downtrend, testing key support zones, with potential for further downside to fill gaps and test the 20-weekly moving average, while inflation data remains a critical factor.

## Charts & Technical Analysis

### 1. SSPX (daily)

**Bias:** BEARISH
**Pattern:** downtrend, testing dynamic resistance from 2-hour 50 moving average
**Key Levels:** 7261.08 gap fill, 7141.87 most traded zone (support), 6881.07 gap fill, 6615.90 gap fill, 38.2 Fib support, Point of Control (POC) support, 20-weekly moving average support

The S&P daily chart shows the market coming down. The 'KISS principle' (Keep It Simple Smart) was applied, noting that the 2-hour 50 moving average acted as fantastic support on the way up and is now acting as dynamic resistance on the way down. A gap fill at 7261.08 has occurred, with two other gap fills at 6881.07 and 6615.90 being possibilities. The market is now looking towards the 'Most Traded Zone' around 7141.87. If the market continues to make lower lows and lower highs, potential support could be found around the 38.2 Fib, the Point of Control (POC), and the 20-weekly moving average, all converging in the 'Most Traded Zone'.

### 2. CPI & Core CPI - MoM % Change (monthly)

**Bias:** NEUTRAL
**Pattern:** bar chart showing historical and forecast changes

This chart displays historical and forecast data for CPI and Core CPI month-over-month percentage change, from August 2025 to June 2026. It shows both CPI Forecast, CPI Actual, Core Forecast, and Core Actual values. The speaker mentions that this data will be looked at more when discussing options later in the show, implying its importance for market direction.

### 3. CPI & Core CPI - YoY % Change (yearly)

**Bias:** NEUTRAL
**Pattern:** bar chart showing historical and forecast changes

This chart displays historical and forecast data for CPI and Core CPI year-over-year percentage change, from August 2025 to June 2026. It shows both CPI Forecast, CPI Actual, Core Forecast, and Core Actual values. Similar to the MoM chart, the speaker indicates its relevance for options analysis later in the show.

## Key Calls & Predictions
- Watch for potential support around the 38.2 Fib, Point of Control, and 20-weekly moving average in the 'Most Traded Zone' for the S&P 500.
- Monitor CPI and Core CPI data for its impact on market options.

## All Instruments Mentioned
SSPX, CPI, Core CPI

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*Generated by FX Evolution Monitor on 2026-06-13 20:00:29*