S&P 500 Wave Analysis

S&P 500: ⬆️ Buy

  •  S&P 500 broke the resistance level 5900.00
  • Likely to rise to resistance level 6100.00

S&P 500 index recently broke the resistance level 5900.00, the former support from January and February.

The breakout of the resistance level 5900.00 should accelerate the active short-term impulse wave 3, which belongs to the intermediate impulse wave (3) from the end of April.

S&P 500 index can be expected to rise to the next resistance level 6100.00, which reversed the price multiple times from December to March, as can be seen below.