Technical analysis
S&P 500 Wave Analysis 2 February 2024
February 02, 2024 @ 23:39 +03:00
![](https://fxpro.news/wp-content/uploads/2024/02/spx-primary-analysis-feb-02-2107-pm-1-day-1024x475.png)
– S&P 500 broke key resistance level 4930.00
– Likely to rise to resistance level 5000.00
S&P 500 index rising inside the minor impulse wave 3 which previously broke above the key resistance level 4930.00 (which stopped the previous minor impulse wave i at the end of last month).
The breakout of the resistance level 4930.00 accelerated the active impulse waves 3 and (C).
Given the persistent daily uptrend, S&P 500 index can be expected to rise further to the next round resistance level 5000.00.