S&P 500: Final Day Analysis with Key Levels and Trend Outlook

S&P 500 Technical Analysis

It's the final trading day of the year.
The price shows bullish momentum up to 5,969, which must be confirmed by a 4-hour candle closing above this level. This could lead to a further rise toward 6,022, followed by a correction.

Conversely, stability below 5,969 will trigger a bearish move from 5,969 toward 5,899 and potentially 5,863.

Key Levels:
Pivot Point: 5937
Resistance Levels: 5969, 6022, 6053
Support Levels: 5905, 5863, 5790

Trend Outlook:
Bearish Momentum: Stability below 5,969
Bullish Trend: If 5,969 is broken