# S&P 500’s 20-Week Average at 7,583 Draws Focus Ahead of FOMC

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/39111
Published: 2026-10-23T16:02:31.000Z
Updated: 2026-10-23T16:02:31.000Z
Section: Investing

> Market commentator @TheFlowHorse framed the level as a test of the index’s uptrend before the committee’s Oct. 28 meeting.

The S&P 500’s 20-week average stood at 7,583 on Oct. 22. Holding above the level would be consistent with the index’s current uptrend, while a move below could signal a change in market sentiment.

Traders are also watching megacap technology stocks and bonds ahead of the Federal Open Market Committee meeting scheduled for Oct. 28.