S&P 500 Analysis: Bullish Momentum and Key Levels

3 בדצמ׳ 2024

S&P 500 Technical Analysis

The S&P 500 reached another All-Time High (ATH) in December, signaling a continuation of its bullish trend and the potential for further historical gains.

Currently, the price is consolidating within the range of 6068 and 6022, awaiting a breakout. Overall, the bullish trend remains strong, with the next key target at 6143. However, a break below 6022 could signal a correction, with the price potentially dropping toward 5971.

Key Levels:
Pivot Point: 6068
Resistance Levels: 6100, 6143, 6185
Support Levels: 6022, 5971, 5932

Trend Outlook
The overall trend remains bullish, supported by strong momentum and the recent achievement of new highs.

4 בדצמ׳ 2024

עסקה פעילה

Moving Well +90 pip

Based on my analysis, the price has increased and reached a new level of 6068, as mentioned in the previous forecast. Currently, the price is likely to undergo a brief correction before rising again to surpass this level and target the next high at 6143.