– S&P 500 index broke resistance levels 6000.00 and 6060.00
– Likely to rise to resistance level 6110.00
S&P 500 index recently broke the resistance levels 6000.00 (top of the previous minor correction) and 6060.00 (top of the previous wave B from December).
The breakout of these resistance levels accelerated the active intermediate impulse sequence (3) from the start of January.
Given the strong multi-month uptrend, S&P 500 index can be expected to rise to the next resistance level 6110.00, top of the previous impulse wave (1).
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