Categories: Technical analysis

S&P 500 Wave Analysis – 16 May 2025

S&P 500: ⬆️ Buy

– S&P 500 broke the resistance level 5900.00

– Likely to rise to resistance level 6100.00

S&P 500 index recently broke the resistance level 5900.00, the former support from January and February.

The breakout of the resistance level 5900.00 should accelerate the active short-term impulse wave 3, which belongs to the intermediate impulse wave (3) from the end of April.

S&P 500 index can be expected to rise to the next resistance level 6100.00, which reversed the price multiple times from December to March, as can be seen below.

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

Share
Published by
The FxPro Tech Analysis Team
Tags: SPX500

Recent Posts

CHFJPY Wave Analysis – 9 January 2026

CHFJPY: ⬆️ Buy - CHFJPY reversed from support area - Likely to rise to resistance…

2 hours ago

Exxon Mobil Wave Analysis – 9 January 2026

Exxon Mobil: ⬆️ Buy - Exxon Mobil reversed from support area - Likely to rise…

2 hours ago

Pro News Weekly: Dollar Rebounds as Markets Test New Limits

Welcome to Pro News Weekly! Here’s what is shaping the markets: 💵 The U.S. dollar…

6 hours ago

Geopolitics will destroy the euro

•    EURUSD falls due to geopolitics and expectations of tariff removal •    Gold returns to…

13 hours ago

Platinum Wave Analysis – 8 January 2026

Platinum: ⬇️ Sell - Platinum reversed from pivotal resistance level 150.00 - Likely to fall to…

1 day ago

Baidu Wave Analysis – 8 January 2026

Baidu: ⬇️ Sell - Baidu reversed from resistance zone - Likely to fall to support level…

1 day ago

This website uses cookies