S&P 500 breaks key support, but midterm post-periods historically gain 14.79%.

The S&P 500 recently broke a crucial support level, triggering a bearish head-and-shoulders pattern, which is a technical warning sign. However, historically, the six months following U.S. midterm elections have not ended lower since 1950, with an average gain of 14.79%. This suggests that despite current fears, the market may present buying opportunities as it moves into a typically bullish period. Key upcoming events like Apple earnings, midterm elections, and the jobs report could influence market sentiment further.

Following the recent technical signals discussed in the article, the S&P 500 ETF (SPY) is currently trading at USD 755.79 on Pluang, down 1.78% as of Nov 02, 2026 04:21 WIB. This price is below its 52-week high of USD 779.14 but well above the 52-week low of USD 631.99. Investors on Pluang typically hold SPY for about 210 days, reflecting a medium-term investment horizon.