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šŸ“ˆUS500 above 4000 ptsā—

6:19 PM 1 April 2021

S&P500 contract reaches another milestone

The US500 breaks above the 4,000 pts level and thus reaches another milestone. This is probably related to the start of the new quarter, strong ISM Manufacturing PMI reading and positive sentiment ahead of the NFP report which will be released tomorrow. Additionally, investors expect that the new infrastructure program presented by Biden will lead to a greater economic recovery in the future.

US500 breaks above the 4,000 pts level. Next potential target for the bulls is located around 4020 pts and is marked with 127.3 Fibonacci retracement. The nearest support lies around 3,980 pts. Source: xStation5
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