Lingrid

US500 continues GROWTH from SUPPORT line

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Since November 2020, the index price has been in an uptrend, which is guided by two main support and resistance lines. One of these lines was launched in November 2020 and the other in August. And they diverge.

There is also an additional resistance line on the chart - November 2020. Recently, the price broke through it at 3897.9 and dropped to the support line 3787.8. It is already clear that the price bounced off this support line, showing a slight increase from it and is ready to continue to grow. Thus, my final target is the resistance line 3915.3.

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

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