S&P 500 IndexLong
S&P 500 Wave Analysis – 13 February 2025
- S&P 500 approaching key resistance level 6125.00
- Likely to rise to resistance level 6200.00
S&P 500 index recently rose sharply and is currently approaching the key resistance level 6125.00, which has been reversing the index from December.
The subsequent price movement will depend on whether the index can break above the resistance level 6125.00 .
If the S&P 500 index breaks above 6125.00, the price can then rise to the next resistance level 6200.00 (target price for the completion of the active impulse wave 3). In the opposite scenario, the price is likely to correct down to the next round support level 6000.00.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
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.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
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.