S&P500
A week ago, the downtrend line was broken, opening the way for another upward wave. To achieve this, the price had to close above 7,500, and it could target the next natural level, 7,813, in the short term. The lower uptrend line thus remains intact, with the price still far from it; a break below this line could later signal a short opportunity, but that is not yet the case. Further new highs are possible, with the next resistance level at 8,125.
Resistance levels: 7,813.; 8,125; 8,438
Support levels: 7,188; 6,875; 6,563; 6,250; 5,937; 5,781; 5,625.
