S&P500 - 5000 Points In 2024

7 בינו׳

Hello Traders, welcome to today's analysis of S&P500.

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Explanation of my chart analysis:

The S&P500 has been rallying for the entire year of 2023. Many people do expect a correction but the charts are still looking pretty bullish. If we see a breakout above the previous all time high at $4.700, I do expect a rally back to the upper resistance of the rising channel above $5.000.

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I will only take a trade if all the rules of my strategy are satisfied.

Let me know in the comment section below if you have any questions.

Keep your long term vision.