S&P500
The index is still in an uptrend; on Thursday, it managed to break away from the ideal uptrend line. On the upside, the 7812 level could block its path, causing the range to narrow and potentially leading to a stronger move. A close below 7,653 could trigger a corrective phase and would also imply a break below the main green ascending trendline. On the other hand, if the advance does not lose momentum, a break above 7,813 could pave the way for a move toward the strong resistance level at 8,125.
Resistance levels: 7,813; 8,125; 8,438
Support levels: 7,188; 6,875; 6,563; 6,250; 5,938.
