S&P500
Since the upward trend remains unbroken, such rapid recoveries may be followed by similar sell-offs. Of course, since it has reached a new high, the curve can only demonstrate strength if it does not fall back below the highs from two months ago and is able to consolidate above 7,000. If it falls below that level, it could once again reach the target price around 6,600. On the upside, strong resistance could be found around 7,500.
Resistance levels: 7,188; 7,500.
Support levels: 6,563; 6,250; 5,937; 5,781; 5,625.
