The S&P 500 just clinched a record high. Here are 6 charts to watch for what comes next.

The S&P 500 climbed to fresh record highs on April 15, 2026, finishing above the psychologically important 7,000 level as hopes of a cease-fire with Iran and continued strong corporate earnings underpinned risk appetite. The rally has been momentum-led and concentrated in mega-cap tech, while breadth lags previous rebounds. Options activity shows a sharp shift to bullish positioning (put‑call ratio near its lowest since 2019) and technical indicators (14‑day RSI ~69.3) signal near‑overbought conditions. Valuations have risen from March lows, with the forward P/E slightly above its five‑year average. Risks cited include persistent elevated oil prices and reduced tanker traffic through the Strait of Hormuz. Overall, the move is a price milestone but accompanied by mixed technical and breadth signals that could limit near‑term follow‑through.