Categories: Technical analysis

S&P 500 Wave Analysis – 21 November 2025

S&P 500: ⬆️ Buy

– S&P 500 index reversed from strong support level 6555.00

– Likely to rise to resistance level 6800.00

S&P 500 index recently reversed from support area between the strong support level 6555.00, lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from August.

The upward reversal from the support level 6555.00 stopped the previous minor ABC correction 2 from the end of October.

Given the clear daily uptrend, S&P 500 index can be expected to rise to the next resistance level 6800.00 (former top of wave (3) from October).

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.

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The FxPro Tech Analysis Team
Tags: spx

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