S&P 500: ⬆️ Buy
– S&P 500 reversed from support zone
– Likely to rise to resistance level 7765.00
S&P 500 index recently reversed from the support zone between the support level 7600.00 (former top of the sideways price range from May) and the 38.2% Fibonacci correction of the upward impulse from July.
The upward reversal from this support zone stopped the c-wave of the previous minor ABC correction iv from the start of August.
Given the clear daily uptrend, S&P 500 index can be expected to rise to resistance level 7765.00 (that stopped the previous minor correction b).