S&P 500 Wave Analysis – 1 April 2026US S&P 500 Spot IndexFXPRO:USSPX500FxPro- S&P 500 reversed from support zone - Likely to rise to resistance level 6700.00 S&P 500 index today broke the resistance trendline of the daily down channel from the end of February – which enclosed the previous impulse waves 1,2, and 3. The breakout of this down channel follows the earlier sharp upward reversal from the support level 6350.00 (which formed the daily Morning Star). Given the strength of the support level 6350.00, S&P 500 index can be expected to rise to the next resistance level 6700.00 (former support from December).