Technical analysis
S&P 500 Wave Analysis – 11 August, 2022
August 11, 2022 @ 16:57 +03:00
![S&P 500 Wave Analysis – 11 August, 2022 S&P 500 Wave Analysis – 11 August, 2022](https://fxpro.news/wp-content/uploads/2019/12/2018-12-28t213854z894614142rc171c3a5ff0rtrmadp3usa-stocks.jpg)
• S&P 500 rising inside impulse waves (iii) and 3
• Likely to rise to resistance level 4300.00
S&P 500 index recently broke the resistance level 4170.00 (which stopped the earlier waves (4) and 2 in May and June).
The breakout of the resistance level 4170.00 continues the active short-term impulse waves (iii) and 3 – which belong to the sharp intermediate impulse wave (C) from last month.
S&P 500 index can be expected to rise further toward the next resistance level 4300.00 (forecast price for the completion of the active impulse 3).
![](https://fxpro.news/wp-content/uploads/2022/08/sp500-primary-analysis-aug-11-1444-pm-1-day-1-1024x479.png)