What is the key S&P 500 support level to watch today?

For S&P 500 today, the key support is 6,780 on a daily closing basis. A close below that raises the probability the uptrend is over to about 60%. Intraday, watch 6,833 and 6,805 as stepping stones, with 6,913 as the pivotal resistance to reclaim.

How does the Elliott Wave outlook affect trading decisions?

The Elliott Wave outlook frames 6,780 as the rally’s invalidation level. If the index closes below 6,780, odds shift toward a trend reversal near 60%, favouring a more defensive stance. Above that level, traders can keep a bullish bias but still demand strong closes and improving momentum.

Which indicators matter most for S&P 500 today?

RSI at 51.53 shows neutrality, MACD is negative versus its signal, and ADX at 16.67 indicates a weak trend. ATR near 79.6 points helps set stop distances. Bollinger middle band at 6,913 and the 50-day average at 6,895 are the key tactical levels to monitor.

What can UK investors do to manage currency risk on US equities?

Use GBP-denominated or GBP-hedged S&P 500 UCITS ETFs to reduce USD/GBP swings. If unhedged, accept that a stronger pound can dent returns even when the index rises. Consider staged entries and regular rebalancing, especially around key technical levels like 6,780 and the 50-day average.

Global Market Insights

^GSPC Today: Fragile Rebound; 6,780 Is Line in Sand on February 21

ByHuzaifa Zahoor February 21, 2026February 21, 2026

S&P 500 today is attempting a fragile rebound after touching flag support, but momentum is mixed and downside risk remains elevated. We track ^GSPC around 6,861 with intraday swings between 6,833 and 6,879. A daily close below 6,780 would shift probabilities against the uptrend. For UK investors, S&P 500 today matters for GBP returns via ETFs and pensions. We outline S&P 500 support, volatility bands, and an Elliott Wave outlook to frame decisions on 21 February.