S&P 500 Wave Analysis

S&P 500: ⬆️ Buy

– S&P 500 reversed from support zone

– Likely to rise to resistance level 7500.00

S&P 500 index recently reversed up from the support zone between the support level 7290.00 (which has been reversing the price from the start of June), lower daily Bollinger Band and the 61.8% Fibonacci correction of the previous upward impulse from April.

The upward reversal from this support zone stopped the previous short-term correction ii

Given the strong daily uptrend, S&P 500 index can be expected to rise further to the next resistance level 7500.00.

S&P 500 Wave Analysis – 30 July 2026


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.

Latest Analysis

Learn Forex Trading