S&P500 – What´s next?
S&P 500 SP:SPX
Exemplarily, the S&P500 rebounded on its 61.8% Fibo-Retracement. Also there was the correctional high of October.
If the S&P500 can´t close above 2.820 points, it is in a short-term downtrend. The next first target would be at about 2.610 points.
If the bulls still do not take the scepter, it can slip one more level to 2.480 points.
If we see the year-end rally, and the S&P500 will close above the level of 2.820, we should also quickly see the old highs at 2.940.
New all-time highs are also very likely.