S&P 500 Analysis

S&P 500 Analysis. As on Tues 6 April 2021. CMP 4078.

From previous post of 6 March when price was 3841 our post said "The recent correction is likely complete at 3723 (which is near 4th wave of lower degree)."

Since then price has pretty much remained up except for a few down minor down days.

The 3723 now marks an important support level, and is unlikely to be breached anytime soon.

Price should continue moving sideways to higher.  Wave counts do not appear anywhere near complete at this time.  Larger target is likely about 4,600. There will be corrections along the way, but they should be minor.