S&P 500 Has Seen A Clear Break

S&P 500 Has Seen A Clear Break

The S&P 500 saw a clear break in 3233, the highest in June, to continue the upward trend with resistance seen at 3260, which could see the peak of the void at 3328/38. S&P 500: June 2021 target 3.300 - UBS “The S&P 500 eventually saw a clear break, above 3233 June's highest resistance level. Even with low volume and power, it has already expanded from the bottom of the 'pandemic' gap in 3260 to the next marked resistance. Despite this, a clear break is expected, with resistance seen in front of 3318 at 3218. We think that in the event of direct extension of power, this can pave the way back to 3394. " “Support is initially seen at 3233/31, and 3215 remains ideal to keep the emergency risk higher. You can see a drop in price / void support at 3200/3198, the 13-day basic average is now at 3185. ”- Credit Suisse