- S&P 500 rising strongly
- Likely to rise to resistance level 5000.00
S&P 500 index rising strongly after the price broke above the resistance level 4800.00 (which stopped the previous impulse waves 1 and i, as can be seen below).
The breakout of the resistance level 4800.00 accelerated the active minor impulse wave 3 of the intermediate impulse wave (C) from the end of October.
Given the clear daily uptrend, S&P 500 index can be expected to rise further to the next round resistance level 5000.00, target for the completion of the active impulse wave (C).
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