S&P500: This is the last Resistance standing.

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S&P500: This is the last Resistance standing.US 500CAPITALCOM:US500InvestingScopeS&P500 has turned neutral on its 1W technical outlook (RSI = 54.587, MACD = 27.050, ADX = 25.635) as the 2-week Middle East ceasfire deal brought back the bullish sentiment on the short term. On the long term, having crossed over even the 1D MA100 and about to test the 0.786 Fib from the ATH, we have one last Resistance level stading before resuming the bullish trend technically. And that is the LH trendline coming directly from the market's ATH. As long as the price stays under it, target the 0.618 Fibonacci (TP = 6,520). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##