S&P 500 Eyes New Highs: 43 ATHs and Counting

Technical Analysis

The price has pushed up as we mentioned yesterday and is still moving toward a new all-time high (ATH). Notably, the S&P 500 has recorded 43 ATHs this year and continues to reach new highs.

As long as it trades above 5931, it is likely to reach 6002 before starting a bearish trend.

Alternatively, if the price drops from here and closes a 4-hour candle below 5931, it will support a bearish move toward 5891.

Key Levels:
Pivot Point: 5933
Resistance Levels: 5985, 6002
Support Levels: 5891, 5863, 5815

Trend outlook: Uptrend

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