S&P500 - we have the buyers rejecting the sell off , chasing ATH

26 ก.พ.

Hi guys we would be taking a look into the S&P500 after a strong resistance showed by the buyers who denied the sell off, below find detailed technical analysis.

The strong ascending channel gives us the following uptrend perspective

This performance reflects a robust upward trend, with the index showing resilience despite recent market fluctuations.

A notable aspect of this rally is the broadening market participation. While technology giants previously led the charge, 2025 has seen a shift. The healthcare sector has risen 7.1% year-to-date, and consumer staples have surged 8.3%, indicating a defensive investment strategy by investors.
This diversification suggests a healthier market foundation, reducing reliance on a few large-cap stocks.

From a technical perspective, the S&P 500's position near its all-time high is a positive indicator. Historically, investing at market highs has not precluded further gains. Data from 1950 to 2023 shows that even when investments were made at all-time highs, returns over one, two, and three-year periods were close to the average return of the index.

This historical resilience suggests that the current levels may serve as a foundation for continued upward momentum.

In summary, the S&P 500's approach to its all-time high, combined with broad sector participation and supportive historical data, paints a positive technical picture. While market dynamics are subject to change, the current indicators support a favorable outlook for the index's continued performance.

Entry: 5,995
Target: 6,130
SL: 5,850

4 มี.ค.

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SL reached