S&P 500 tries to close gap with Friday’s low
The S&P 500 is in the process of closing its gap with Friday’s low at 6088.5 ahead of this evening’s US Federal Reserve (Fed) rate decision and upcoming earnings from Meta, Microsoft, and Tesla.
Above the gap, resistance can be spotted at the 6099 December peak and at last week’s record high at 6122.
The medium-term uptrend will stay intact as long as Monday’s low at 5916 underpins. Above it, minor support can be found at Monday’s 6043 high and along the 55-day simple moving average (SMA) at 5984.
