FX.co ★ dlehner | S&P 500 Spotlight: Unraveling Market Trends with #SP500

The price of the US index #SP500 showed significant growth over the past week. Yesterday’s session also closed with a small bullish candle around 7750. Further prospects remain in question, since the possibility of a corrective decline toward 7620 is still relevant. I think the situation will be decided in the first half of next trading week, when important statistics on the US economy will be released. If the market takes them positively, I expect a renewal of the high above 7800, further toward the round level of 8000. In case of negative data, I expect a retest of the former resistance at 7620.