The S&P 500 released the handbrake on Monday and was able to convince with significant gains on Tuesday. The S&P 500 Technology Index also gained more than 2%.
Investors used the previous day's sell-off to buy again cheaply. Concerns about rising bond yields seem to have been forgotten for now. The hope is too great for what could now follow ...
The broad S&P 500 index ended its consolidation exemplary in the area of the support level of 3,750 points. Since then, the bulls have dominated the action and the all-time high is being targeted again. Above 3,900 points, this will still open during the coming trading days. An attack on the round mark of 4,000 points therefore only appears to be a matter of time. As a result, you should be prepared for the fact that the index will "once again" advance into unknown territory. Establishing above the 4,000 point mark opens up medium-term potential up to the next target at 4,204 points.
Conversely, a dip below the recently confirmed support at 3,730 points would be considered negative. Accordingly, setbacks to the lower support zone at around 3,560 points are to be expected in the further course.