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Technical analysis of S&P 500

CAPITALCOM:US500   US 500
After a correction of 50% to the level of 4100.00, the S&P 500 index rushed to an all-time high at 4800.00 and is currently testing this resistance. In the current situation, we should expect a decline in quotes to the nearest support at 4600.00, followed by a rebound from it and a resumption of index growth. A breakdown of the historical high at 4800.00 could trigger a further increase in S&P 500 quotes to the next Fibonacci level at 1.618, which corresponds to a quote of 5230.00.

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