Due to the normative S&P 500 battles, technical indicators indicate that the index may be about to go up the upward running in the coming weeks, with the resistance remaining at the 6000 sign.
At the time of the press, the index reached 5,608, a decrease of 1.1 % for the day. In the weekly timeline, it was modestly corrected by 0.30 %.
S&P 500 turns into climb
Regarding its next movement, a prominent online trading expert Tradingshot male He said in a single month channel and recovery of the average for four hours (MA). Tradingvief After March 18.
This main technical step indicates a possible reflection of the direction, as the index is now looking at higher levels. According to the analyst, the first reference to this shift came from the RSI for four hours (RSI), which formed its lowest levels while the price is lower on March 13-a bullish difference.
Historically, trends indicate that this style often precedes the reflection of the trend, and has followed SPX by breaking the previous resistance.
The index is unified above 4H MA50 at 5580, indicating that this level may now work as a new support. If so, the following main resistance to viewing is the medium for four hours (4H MA200), which coincides with the level of Fibonacci tradition 0.618 at 5,860.
Given the confirmation of the penetration, technical expectations indicate that the S&P 500 is preparing for more upward trend, with the next goal at 5900.
In fact, the indicator watered the possibilities of growth in the short term, taking into account that at the end of the last trade session, it was more than 91 % of its shares Trading above the moving average for five daysThe highest level since December 2023.
This increase indicates a widespread purchase via the index, which can be considered a positive sign amid uncertainty in the market resulting from President Donald Trump’s tariff.
Historically, these high readings refer to a strong bullish momentum in the short term. However, there is something that justifies caution due to the uncertainty and downs in the short term, because the movement may lead to a slight decrease or unification before the next station is higher.
Wall Street S&P 500
Although the technical indicators of the S&P 500 indicate a possible gathering, many analysts have issued various forecasts of the index.
As FinBold, ED Yardeni, the economic and strategic expert in the market, reduced its goal at the end of 2025 to 6400 of 7000, noting the high risk of recession. His expectations also decreased 2026 to 7,200 out of 8000.
One of the main engine for the transformation of expectations in Yardeni is the effect of the definitions dating back to the Trump era, which warns against exacerbating inflation and slow economic growth.
Goldman Sachs also reduced its goal in S&P 500 to 6200, while Michael Wilson expects a possible decrease to 5500, with resistance at 6100 due to uncertainty in politics and profit pressure.
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