S&P500
The year ended with movement around the important 6,875 resistance level. Rising swing lows were accompanied by diverging peaks, meaning that the index remains in a very dangerous position in terms of the possibility of a significant decline, but as long as the lower peak and the last swing low are not broken, this remains only a possibility. On the other hand, if the index breaks above the 6,875 level, it could head towards 7,188 and 7,500. In the longer term, there is strong support around the 5,938 level, while significant resistance is around 7,188 or 7,500.
Resistance levels: 7,188; 7,500.
Support levels: 5,937; 5,781; 5,625.
