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June 27, 2023 @ 21:42 +03:00
– S&P 500 reversed from support level 4330.0
– Likely to rise to resistance level 4450.00
S&P 500 index recently reversed up from the key support level 4330.0 (former multi-month high from August of 2022, acting as the support after it was broken at the start of June) standing near the 38.2% Fibonacci correction of the upward impose from May.
The upward reversal from the support level 4330.00 stopped the previous short-term corrective wave 4.
Given the prevailing uptrend, S&P 500 index can be expected to rise further toward the next resistance level 4450.00 (top of the previous impulse wave 3).