![\"\"](\"https:\/\/round-robin.eu\/blog\/wp-content\/uploads\/2026\/06\/bulls-vs-bears-SP500.webp\")
<\/a>infographic: S&P 500 weekly – Bulls vs Bears<\/p><\/div>\r\n
Bears win the week with a ratio of roughly 1.46 to 1, but the final result tells only part of the story.<\/p>\r\n\r\n\r\n\r\n
Selling pressure concentrated in the first half of the week, dragging prices well below the previous week’s lows, while in the second half a significant bull reaction recovered most of the losses.<\/p>\r\n\r\n\r\n\r\n
The Fear Indicator sits in a zone of relative calm, signaling absence of systemic stress despite the negative weekly print. Bears keep control of the week, but the bullish tail prevents the signal from taking on the features of bearish acceleration.<\/p>\r\n\r\n\r\n
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The Big Picture<\/h3>\r\n\r\n\r\n\r\n![\"chart:](\"https:\/\/round-robin.eu\/blog\/wp-content\/uploads\/2026\/06\/SP-500-INDEX-weekly-1.webp\")
<\/a>chart: S&P 500 weekly<\/p><\/div>\r\n
The S&P 500 developed the second scenario outlined in the previous analysis: a week characterized by lower highs and lower lows. However, the market did not provide any bearish confirmation at Friday’s close.<\/p>\r\n\r\n\r\n\r\n
After breaking the MA10W intraweek with a plunge down to 7,237.85, prices recovered ground, closing just below the MA5W. This is still the second consecutive week with a close below the fast moving average, an event that interrupts a dynamic that had been virtually uninterrupted for over two months.<\/p>\r\n\r\n\r\n\r\n
The moving averages remain perfectly aligned from the fastest to the slowest, all keeping a positive slope. The only observable change is the progressive flattening of the MA5W, a natural consequence of the consolidation phase of the last two weeks.<\/p>\r\n\r\n\r\n\r\n
The weekly close prints slightly above the previous week’s (+0.14%), but below Monday’s open (-0.62%). In other words, the market absorbed almost the entire bearish shock of the first part of the week without managing to produce a new bullish impulse.<\/p>\r\n\r\n\r\n\r\n
For the time being, the picture remains compatible both with a simple pause within the main trend and with an early stage of distribution. Price alone does not yet provide enough elements to reliably distinguish between the two scenarios.<\/p>\r\n\r\n\r\n
\r\n\r\n\r\nVolatility Indicator<\/h3>\r\n\r\n\r\n\r\n![\"chart:](\"https:\/\/round-robin.eu\/blog\/wp-content\/uploads\/2026\/06\/SP-500-INDEX-weekly-VOLATILITY-INDICATOR-1.webp\")
<\/a>chart: S&P 500 weekly – Proprietary Volatility Indicator<\/p><\/div>\r\n
The Volatility Indicator drops to 3.75% from 3.94% of the previous week.<\/p>\r\n\r\n\r\n\r\n
The reduction occurs despite an intraweek range that, for the second consecutive week, stays above all the fast and slow moving averages of the Range Weekly%, a signal that structural volatility, while still compressed, is starting to breathe again. The indicator continues to move away from the levels observed during the more turbulent months of the year but has not yet reached the alert zones that historically preceded explosive moves.<\/p>\r\n\r\n\r\n\r\n
The reading therefore remains consistent with a consolidation phase rather than with the start of a true directional phase.<\/p>\r\n\r\n\r\n
\r\n\r\n\r\nRange Weekly%<\/h3>\r\n\r\n\r\n\r\n![\"chart:](\"https:\/\/round-robin.eu\/blog\/wp-content\/uploads\/2026\/06\/SP-500-INDEX-weekly-RANGE-1.webp\")
<\/a>chart: S&P 500 weekly – Range %<\/p><\/div>\r\n
The Range Weekly% closes at 3.39%, essentially unchanged from the 3.42% of the previous week.<\/p>\r\n\r\n\r\n\r\n
For the second consecutive week the market shows a higher tension than during the phase of extreme compression observed between April and May. On a medium-term view, however, the value remains far from the peaks reached during the more directional phases of the last two years.<\/p>\r\n\r\n\r\n\r\n
Two consecutive weeks with elevated range can represent the start of a distributive phase or a simple consolidation after the long rally of the preceding weeks. At this stage the data does not allow a clear distinction between the two hypotheses.<\/p>\r\n\r\n\r\n
\r\n\r\n\r\nBCP3<\/h3>\r\n\r\n\r\n\r\n
<\/a>chart: S&P 500 weekly<\/p><\/div>\r\n
The S&P 500 developed the second scenario outlined in the previous analysis: a week characterized by lower highs and lower lows. However, the market did not provide any bearish confirmation at Friday’s close.<\/p>\r\n\r\n\r\n\r\n
After breaking the MA10W intraweek with a plunge down to 7,237.85, prices recovered ground, closing just below the MA5W. This is still the second consecutive week with a close below the fast moving average, an event that interrupts a dynamic that had been virtually uninterrupted for over two months.<\/p>\r\n\r\n\r\n\r\n
The moving averages remain perfectly aligned from the fastest to the slowest, all keeping a positive slope. The only observable change is the progressive flattening of the MA5W, a natural consequence of the consolidation phase of the last two weeks.<\/p>\r\n\r\n\r\n\r\n
The weekly close prints slightly above the previous week’s (+0.14%), but below Monday’s open (-0.62%). In other words, the market absorbed almost the entire bearish shock of the first part of the week without managing to produce a new bullish impulse.<\/p>\r\n\r\n\r\n\r\n
For the time being, the picture remains compatible both with a simple pause within the main trend and with an early stage of distribution. Price alone does not yet provide enough elements to reliably distinguish between the two scenarios.<\/p>\r\n\r\n\r\n
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Volatility Indicator<\/h3>\r\n\r\n\r\n\r\n<\/a>chart: S&P 500 weekly – Proprietary Volatility Indicator<\/p><\/div>\r\n
The Volatility Indicator drops to 3.75% from 3.94% of the previous week.<\/p>\r\n\r\n\r\n\r\n
The reduction occurs despite an intraweek range that, for the second consecutive week, stays above all the fast and slow moving averages of the Range Weekly%, a signal that structural volatility, while still compressed, is starting to breathe again. The indicator continues to move away from the levels observed during the more turbulent months of the year but has not yet reached the alert zones that historically preceded explosive moves.<\/p>\r\n\r\n\r\n\r\n
The reading therefore remains consistent with a consolidation phase rather than with the start of a true directional phase.<\/p>\r\n\r\n\r\n
\r\n\r\n\r\nRange Weekly%<\/h3>\r\n\r\n\r\n\r\n<\/a>chart: S&P 500 weekly – Range %<\/p><\/div>\r\n
The Range Weekly% closes at 3.39%, essentially unchanged from the 3.42% of the previous week.<\/p>\r\n\r\n\r\n\r\n
For the second consecutive week the market shows a higher tension than during the phase of extreme compression observed between April and May. On a medium-term view, however, the value remains far from the peaks reached during the more directional phases of the last two years.<\/p>\r\n\r\n\r\n\r\n
Two consecutive weeks with elevated range can represent the start of a distributive phase or a simple consolidation after the long rally of the preceding weeks. At this stage the data does not allow a clear distinction between the two hypotheses.<\/p>\r\n\r\n\r\n
\r\n\r\n\r\nBCP3<\/h3>\r\n\r\n\r\n\r\n
<\/a>chart: S&P 500 weekly – Proprietary Volatility Indicator<\/p><\/div>\r\n
The Volatility Indicator drops to 3.75% from 3.94% of the previous week.<\/p>\r\n\r\n\r\n\r\n
The reduction occurs despite an intraweek range that, for the second consecutive week, stays above all the fast and slow moving averages of the Range Weekly%, a signal that structural volatility, while still compressed, is starting to breathe again. The indicator continues to move away from the levels observed during the more turbulent months of the year but has not yet reached the alert zones that historically preceded explosive moves.<\/p>\r\n\r\n\r\n\r\n
The reading therefore remains consistent with a consolidation phase rather than with the start of a true directional phase.<\/p>\r\n\r\n\r\n
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Range Weekly%<\/h3>\r\n\r\n\r\n\r\n<\/a>chart: S&P 500 weekly – Range %<\/p><\/div>\r\n
The Range Weekly% closes at 3.39%, essentially unchanged from the 3.42% of the previous week.<\/p>\r\n\r\n\r\n\r\n
For the second consecutive week the market shows a higher tension than during the phase of extreme compression observed between April and May. On a medium-term view, however, the value remains far from the peaks reached during the more directional phases of the last two years.<\/p>\r\n\r\n\r\n\r\n
Two consecutive weeks with elevated range can represent the start of a distributive phase or a simple consolidation after the long rally of the preceding weeks. At this stage the data does not allow a clear distinction between the two hypotheses.<\/p>\r\n\r\n\r\n
\r\n\r\n\r\nBCP3<\/h3>\r\n\r\n\r\n\r\n
<\/a>chart: S&P 500 weekly – Range %<\/p><\/div>\r\n
The Range Weekly% closes at 3.39%, essentially unchanged from the 3.42% of the previous week.<\/p>\r\n\r\n\r\n\r\n
For the second consecutive week the market shows a higher tension than during the phase of extreme compression observed between April and May. On a medium-term view, however, the value remains far from the peaks reached during the more directional phases of the last two years.<\/p>\r\n\r\n\r\n\r\n
Two consecutive weeks with elevated range can represent the start of a distributive phase or a simple consolidation after the long rally of the preceding weeks. At this stage the data does not allow a clear distinction between the two hypotheses.<\/p>\r\n\r\n\r\n
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