S&P 500: ⬆️ Buy
- S&P 500 index broke resistance level 7525.00
- Likely to rise to resistance level 7700.00
S&P 500 index opened today with the upward gap which broke above the earlier resistance level 7525.00 – which stopped the previous minor impulse wave 3.
The breakout of the resistance level 7525.00 should accelerate the active impulse wave 5 of the sharp impulse wave (C) from March.
Given the overriding daily uptrend, S&P 500 index can be expected to rise to the next resistance level 7700.00.
SOURCE LINK : S&P 500 Wave Analysis – ActionForex
