Technically, the S&P500 is trading in an ascending channel on the four-hour time frame, and now, given the high of the bullish Super Komo, there is a possibility of an increase in the price. Overall, this scenario is strengthened that the S&P500, provided that it maintains and does not record any four-hour candlestick close below the important support range in the 6081-6075 range, can rise to the resistance of the middle level of the ascending channel at 6118.
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.