We see a rejection every three months for the S&P500. We have a potential long position option here, and the expectation of getting back over 4200. The Last time the S&P was over 4200 was September of 2022. The rejection happens in three month spans, but a position over 4200 is expected by March.
Note
S&P500 is following the Trend line. Currently at $4,046. Should continue to follow the uptrend.
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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.