S&P500 (US500) reached 4,364 resistance, as correctly 12 June 2023’s weekly commentary. The cash index further rallied to a high of
4,447 before settling at 4,411. Going forward, a daily close above 4,447 could further extend this rally towards the 4,512, the 21 April
2022’s high. However, a daily close below 4,375 could open the door towards a retest of 4,300 support.
4,447 before settling at 4,411. Going forward, a daily close above 4,447 could further extend this rally towards the 4,512, the 21 April
2022’s high. However, a daily close below 4,375 could open the door towards a retest of 4,300 support.