As you know, S and P 500 (S&P 500) index is a share market index which measures the performance of 500 large companies that are listed on stock exchanges in the United States of America.
In Our Blog Post dated July, 15 2020, we wrote for S and P 500 (S&P 500) index, “If the last running bar of S&P500 (SP500) closes above the Resistance at 3,233.29 at today’s close and next bar takes the high of it then we can expect S&P500 (SP500) to go higher up to the levels captured below:
- 3,238.44
- 3,258.93
- 3,311.38
- 3,384.31
- 3,397.20″.
S and P 500 Index Now
Just after we wrote this for S and P-500 (S&P 500) index it did close above the mentioned resistance at 3,233.29 on Mon 20-Jul-2020 and subsequently hit our set profit targets as below:
- S and P-500 (S&P 500) index reached our first profit target set at 3,238.44 on Mon 20-Jul-2020
- S and P-500 (S&P 500) index hit our second profit target set at 3,258.93 on Mon 20-Jul-2020
- S and P-500 (S&P 500) index reached our third profit target set at 3,311.38 on Wed 05-Aug-2020.
Now, at the time of writing this post S and P-500 (S&P 500) index is going strong and trading at the level of 3,353.88 which is very close to our 4th profit target which is set at 3,384.31.
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