S&P 500: ⬆️ Buy
– The S&P 500 index reversed from the support area
– It is likely to rise to the resistance level of 7500.00
The S&P 500 recently reversed upward from a support zone between the 7290.00 support level (which has been reflecting the price since the beginning of June), the daily Bollinger Band low and the 61.8% Fibonacci retracement of the previous bull run from April.
A bullish reversal from this support area halted the previous short-term correction II
Given the strong daily uptrend, the S&P 500 is expected to rise further to the next resistance level of 7500.00.
