SP500: Ready to Break Out and Forge New All-Time Highs

S&P 500 indicates that the recent complex downward correction is complete, having bottomed at 6501.7.

The market is currently rallying and is testing the major upper trendline resistance. The analysis projects a minor, temporary pullback to gather momentum, potentially to the 6775.0 area. Following this consolidation, a decisive breakout above the trendline is anticipated. This will confirm the launch of a major new upward wave, expected to drive the S&P 500 to new all-time highs above 6928.

Stay Tuned :)

Money_Dictators