Hellena | SPX500 (4H): LONG resistance area of 6176 (Wave 1).Colleagues, the previous forecast remains essentially unchanged, and the target is still 6176, but I think the forecast can be updated because the price has been flat for quite some time.
I still expect the upward movement to continue in the large wave “1” and in the medium-order wave “5”.
A small
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Bullish continuation?S&P500 (US500) is falling towards the pivot which has been identiifed as ab overlap support and could bounce to the 1st resistance.
Pivot: 5,796.40
1st Support: 5,555.95
1st Resistance: 6,091.55
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only
S&P500 Update: Break of Lower TrendlineIn this video, I updated the wave count for S&P500 and discussed 2 different ways of counting it but ended with a bias on a stronger wave 3 down as opposed to a wave 5 of 1 down.
The stop loss is above 6016, with 2 take profit targets:
1) 5940
2) 5923
Good luck!
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Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
US 500 reached its highest quote on Feb 19, 2025 — 6,146.9 USD. See more data on the US 500 chart.
The lowest ever quote of US 500 is 666.8 USD. It was reached on Mar 6, 2009. See more data on the US 500 chart.
US 500 is just a number that lets you track performance of the instruments comprising the index, so you can't invest in it directly. But you can buy US 500 futures or funds or invest in its components.