Tue, Mar 10, 2026 02:44 GMT
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    S&P 500 Wave Analysis

    S&P 500: ⬆️ Buy

    • S&P 500 reversed from support zone
    • Likely to rise to resistance level 6900.00

    S&P 500 index recently reversed from the support zone between the key support level 6600,00 (which has been reversing the price from September), lower daily Bollinger Band and the 38.2% Fibonacci correction of the extended upward impulse from June.

    The upward reversal from the support level 6600,00 stopped the previous short-term ABC correction 2 from January.

    Given the strong daily uptrend, S&P 500 index can be expected to rise to the next resistance level 6900.00.

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