SPX500 Update

Based on the daily chart, the price is expected to rise after a minor consolidation between 2473 to 2705. However, the key price point to take note would be 2800. I’m expecting some form of resistance around this region as the monthly chart does not show much momentum for it to break past 2800. If the price does break past the 2800 point it will definitely be an interesting period for all traders and investors.