SP500 showing price action between late September and early December the SP is trading around 6,855 after a strong upward move recent candles show bullish momentum pushing above a previously broken trendline.
The S&P 500 rose on Friday, pushing it close to its record high. A strong November rally, fuelled by investor optimism over potential Federal Reserve interest-rate cuts, has continued to lift stocks.
Technically, if the price maintains its bullish zone within the current range, we could expect further upward movement. The next major resistance zone is projected at 6902–6952.
You may find more details in the chart,
Trade wisely best of luck buddies.
Ps; Support with like and comments for better analysis thanks for supporting.
The S&P 500 rose on Friday, pushing it close to its record high. A strong November rally, fuelled by investor optimism over potential Federal Reserve interest-rate cuts, has continued to lift stocks.
Technically, if the price maintains its bullish zone within the current range, we could expect further upward movement. The next major resistance zone is projected at 6902–6952.
You may find more details in the chart,
Trade wisely best of luck buddies.
Ps; Support with like and comments for better analysis thanks for supporting.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.