S&P 500 has been rising steadily in the last few trading sessions – in line with our earlier forecast for this index. The price recently corrected shortly down from the resistance zone near the buy target 1975.00 that was set previously for S&P 500.
This resistance zone was strengthened by the upper daily Bollinger Band and the upper resistance trendline of the daily up channel from April.S&P 500 is set to rise further in the currently active minor impulse wave 3 toward the next buy target at 2000.00 (lying at the intersection of resistance trendlines of 3 up channels).
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