The Vanguard S&P 500 ETF (VOO) trades near $708.72 to $711.25, showing steady upward momentum supported by recent gains in major technology and semiconductor holdings. Broad market sentiment remains positive as large cap U.S. equities recover from previous infrastructure spending jitters.
Technical Outlook:
VOO recently broke above the resistance zone, at $699, after its horizontal consolidation for a couple of weeks, in respect to the structure. Price is likely to make a retest of breakout, as we anticipate a buy continuation.
Key Points:
Hold on your buy position, with a target at $730, as next potential bullish.
Thanks for reading.
Technical Outlook:
VOO recently broke above the resistance zone, at $699, after its horizontal consolidation for a couple of weeks, in respect to the structure. Price is likely to make a retest of breakout, as we anticipate a buy continuation.
Key Points:
Hold on your buy position, with a target at $730, as next potential bullish.
Thanks for reading.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.