S&P500
The price has broken out of the consolidation range to the upside, paving the way for a long-term uptrend. For now, there are no signs of a downtrend, so the likelihood of a reversal is low; however, if the price were to close below 7,500, that would indicate weakness. Later on, the picture could only change if the lower rising trend line is broken. Stronger support can be expected around the 6,875 level.
Resistance levels: 7,500; 7,656; 7,813.
Support levels: 6,875; 6,563; 6,250; 5,937; 5,781; 5,625.
