U.S. equity markets show bullish technical signals for XLF and SPX

Technical market analysis indicates bullish momentum for both the financial sector and broader U.S. equities. The State Street Financial Select Sector SPDR ETF (XLF) has demonstrated a bullish impulse following a low in June 2026. After a corrective phase, the ETF has broken above previous highs, with technical targets set between $58.78 and $59.38.

Similarly, the S&P 500 (SPX) is approaching key technical levels. Despite market caution driven by elevated U.S. Treasury yields, rising oil prices, and geopolitical tensions, the index maintains a cautiously bullish structure. Current support is identified in the 7,660–7,670 zone, while a breakout above the 7,730–7,750 descending trendline could lead to targets in the 7,760–7,770 range.