S&P500: Path towards $8000S&P 500SPCFD:SPXGivtrade_GroupWith many analysts, banks and financial institutions predicting $8000 , let’s have a look at the charts and see what is it telling us. The S&P500 has been on a strong tear , up approximately 6% since the begining of the month reinforcing the 8000$ target and key psychological level. Now our path towards that key level is what is going to be most interesting. The chart tells us that there is a key gap near the $7500-$7550 area. So before price goes towrads the $8000, you might see a retracment towrads that area to inject more liquidity to start the big move towards the upside. Added confluence is the 618% retracement coming in at $7500. However if that level fails to hold that this may be considered as a topping sign and the index may just begin retracing. We cover the markets every day , giving our traders the edge they need to excel. Make sure to follow for more