S&P 500 Wave Analysis

S&P 500: ⬆️ Buy

  • S&P 500 reversed from support area
  • Likely to rise to resistance level 6065.00

S&P 500 index recently reversed from the support area between the support level 5930.00 (which reversed the price multiple times from the start of June) and the 50% Fibonacci correction of the sharp upward impulse 1 from last month.

The upward reversal from this support area stopped the previous minor ABC correction 2 from the start of June.

S&P 500 index can be expected to rise to the next resistance level 6065.00 (which stopped the previous minor impulse wave 1).

FxPro
FxProhttp://www.fxpro.co.uk/?ib=606792
FxPro is an award-winning online broker offering Contracts for Difference (CFDs) on forex, futures, spot indices, shares, spot metals and spot energies. FxPro serves clients in over 150 countries worldwide and offers multilingual customer support 24/5. Trading CFDs involves significant risk of loss.

Featured Analysis

Learn Forex Trading