S&P 500 Target: 4485?
Candy Matheson | Oct 17, 2021 12:26AM ET
4485 is the approximate apex of two short-term trendlines on this daily chart of the S&P 500.
We'll see whether price makes it up that high, and if so, whether it will hold as resistance.
However, there are a couple of gaps below Friday's price, so we'll see what happens.
Keep an eye on the Balance of Power indicator for possible clues of gathering strength in either direction.
provides further details of what I'm also monitoring with respect to the SPX.
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