S&P 500 Wave Analysis – 21 November 2025

S&P 500: ⬆️ Buy

– S&P 500 index reversed from strong support level 6555.00

– Likely to rise to resistance level 6800.00

S&P 500 index recently reversed from support area between the strong support level 6555.00, lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from August.

The upward reversal from the support level 6555.00 stopped the previous minor ABC correction 2 from the end of October.

Given the clear daily uptrend, S&P 500 index can be expected to rise to the next resistance level 6800.00 (former top of wave (3) from October).

Source: https://fxpro.news