SP500 Target Zone
Where will the SP500 get to? Below is the potential next price using confluence factors.
1) Fundamental fair value of the SP500 is around 6057 (19/09/24)
2) Round number 6000
3) Fib extension 1.618 from previous rally
4) Equal measured move from previous rally
Looking for price to retest the weekly support (previous resistance) at 5670 before rallying to the upside.
1) Fundamental fair value of the SP500 is around 6057 (19/09/24)
2) Round number 6000
3) Fib extension 1.618 from previous rally
4) Equal measured move from previous rally
Looking for price to retest the weekly support (previous resistance) at 5670 before rallying to the upside.
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