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Charts to Watch: SPX All-Time High, CIFR & LLY Breakouts

Schwab Network’s Kevin Horner notes the S&P 500 (SPX) is making new record highs with short-term momentum supported as investors defend the 10-day simple moving average—a bullish technical signal that suggests continued upside in the near term. The segment highlights specific stock setups, calling out Cipher Digital (CIFR) and Eli Lilly (LLY) as breakout candidates, implying potential follow-through in individual names amid broader market strength. Overall, the piece frames the market as technically constructive, with the 10-day SMA acting as key support for risk-on positioning.

Category

US 500

Sentiment

Bullish

Event

Technical analysis

Reading time

1 min