With the buy signal from the spearman indicator, S&P 500 is at its all-time high levels. The price is currently testing the 3665 resistance level. If this resistance can be broken, a new wave of bullishness may come to markets. Optimism about stimulus talks may become the fuel of this upward pressure. But still, one or two daily closes over 3665 is necessary.
For downward moves, 3575 support might be a key level for the short-term.
You can check our more detailed, medium-term analysis that we shared in November 26, from here.
