US500 consolidate on support/ Grow

2021년 2월 3일

The price of the index has collapsed as I said last time.

The collapse took place within a growing trend.
In this trend, the price has been moving since November 2020.
At the end of January, the price touched support 3865.5.
Then the fall began.
During the fall, the price broke through the support of 3785.1.
After another attempt to rise, the price fell again.
But the other day it returned to the trend, breaking through the support 3805.7.
I expect the price to consolidate around 3815.0 after the breakout.
And then it will rise to resistance.
The target is 3935.7.

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