S&P 500 Technical Analysis

The price of the index has risen positively, strongly, affected by the collective rise of the US indicators, and it is now reaching the upper side of the bullish channel on the weekly channel channel, and the price is attempting a positive attack to break the previous peak at 3328, recording some new historical targets by touching the level of 3345.00.

Technically, we expect a correction for the price down, but the positivity is strong and will determine the next direction accurately the weekly closing Friday 7-2-2020

We recommend that you wait either to confirm the sale below the trend or the weekly break up and then buy