US500 grow from support

18 בינו׳ 2021

At the beginning of the month, the price tried to break through the strong resistances of 3784.6.
This is a strong resistance line that has existed since the summer of 2020.

So the price failed to rise above the line and collapsed.
The breakdown turned out to be false.
At the end of last week, the price broke the same line and fell.
The fall was stopped by the support line 3750.3 (December 2020).
This line is one of the guides for the uptrend.
I expect the price to bounce off support and rise to resistance.
The target is 3816.7.

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