*This price prediction is based on the data collected from various sources. Additionally, the importance of the SP500 is highlighted by its use as an economic indicator of the health of the United States economy. The 500 companies comprising the SP500 span all major industries and are selected based on their market capitalization, liquidity, ability to be traded, as well as other factors. The S&P 500 index seeks to reflect the status of the whole stock market by tracking the return and volatility of the 500 most commonly held large cap company stocks on the NYSE, capturing approximately 80% of total market capitalization. Over $1.25 trillion USD is indexed to Standard and Poor’s portfolio of indices, which includes the S&P 500. With its headquarters in New York City and dating back to 1860, Standard and Poor’s has offices in 23 countries and maintains the SP 500 index. S&P 500 - short for Standard and Poor’s 500, is a United States stock market index based on the market capitalizations of the top 500 companies that have common stock listed on the New York Stock Exchange or NASDAQ. The current price of S&P 500 Index Futures can be seen here. What is the current price of S&P 500 Index Futures? But this outlook has a very low probability of only 30 %. Only a drop below the 2020 low at 2191,86 would turn the positive long term chart to neutral or negative. S&P 500 forecast: We expect to see the S&P 500 resume the long term uptrend. Potential Resistance is the all time high at 4 718.50 SP500 price prediction: Long term yearly chart showing stable upwards trend (Chart: TradingView) In the past, the yearly 20 SMA was last tested in the financial crisis of the years 2008/2009. In this historical chart, the 20 years simple moving average (20 SMA) is also moving upwards. The price bar of 2020 is a so called outside bar. In the yearly chart of the S&P 500 Index, which shows price history from 1925 until 2021, we can see the long term uptrend. Real-time quotes, advanced visualizations, backtesting, and much more. S&P 500 Historical Chart and Long Term Outlook Join thousands of traders who make more informed decisions with our premium features. Prices below 3 753 would worsen the chart picture and turn the bullish outlook to neutral or negative. As long as the market is trading above this level, the outlook and bigger picture remains positive. Very important is the February high at 3 397.50 which is key support. The quarterly chart looks positive, especially because the high of the previous candle could be overcome. S&P 500 outlook: We expect S&P 500 to continue the long term uptrend. Resistance Levels: 4 723.50 (All time high)
Bigger Picture – SP500 outlook: Long-term uptrend is stable (Chart: TradingView)
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