S&P 500 index Technical Analysis Report 14 November, 2025
Given the strong daily uptrend and the bullish sentiment viewn across the US equity markets today, S&P 500 index be expected to rise further to the next resistance level 6925 (which stopped the previous impulse wave 1).
- S&P 500 index reversed from support area
- Likely to test resistance level 6925.00
S&P 500 index recently reversed up from the support area between the support level 6655.00 (which stopped with the daily Hammer the previous minor correction 2 at the begin of November), lower daily Bollinger Band and the support trendline from August. The latest upward reversal from the support level 6655.00 created the second consecutive Japanese candlesticks reversal pattern Hammer – highlighting the strength of this support level and continuing the active impulse wave 3 – which belongs to the intermediate impulse wave (C) from last month.
Given the strong daily uptrend and the bullish sentiment viewn across the US equity markets today, S&P 500 index be expected to rise further to the next resistance level 6925 (which stopped the previous impulse wave 1).
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