Following a significant decline, the S&P 500 index has rebounded. We anticipate further upward momentum, potentially breaking through the 4634-point resistance. Conversely, a price decline below 4365 points would trigger our alternative scenario (35% probability), creating buying opportunities within the magenta target zone spanning 4324.25 to 4263.25 points.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.