The S&P500 has worked its way up to a resistance area currently around 4300 points. Due to the price development and the current situation of the indicators, it is most likely to be assumed that the resistance will be overcome and the index will continue its upward movement to around 4600 points.
Temporary setbacks could be considered as a buying opportunity. To signal a resilient move into a longer sustained move down, the US500 would need to break below the orange colored average in the chart above.
Temporary setbacks could be considered as a buying opportunity. To signal a resilient move into a longer sustained move down, the US500 would need to break below the orange colored average in the chart above.
