As one of the most traded indexes in the world this asset has consistently respected the Fibonacci levels based on it's last local low. Considering how aggressively price is moving up now & how pessimistic the market was the last few years I think it's likely we climb higher. It's important to see how it reacts to these levels a resistance levels to look for exhaustion but overall the trend is strongly bullish
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.