S&P500 INDEX (US500): Bullish Breakout & Continuation
The US500 Index has successfully broken above a significant daily horizontal resistance level and closed higher.
After this breakthrough, the market retested the broken level and began to consolidate.
A bullish breakout from the upper boundary of this consolidation range would serve as strong confirmation of an upward trend.
This scenario enhances the chances of sustained upward momentum, with a target set at 5,880.
After this breakthrough, the market retested the broken level and began to consolidate.
A bullish breakout from the upper boundary of this consolidation range would serve as strong confirmation of an upward trend.
This scenario enhances the chances of sustained upward momentum, with a target set at 5,880.
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