SPX500 further rise. In my previous analyzes, I indicated that I expect a further rise in the price movement of the SP500. This is primarily based on the recognition that two fractals could be identified on the chart. Both fractals are accumulation fractals. What is interesting is that they move in an ascending band. Therefore, wave sequences valid for accumulation motion can be used. The ATR axis (purple dashed line) is also visible. The second fractal is clearly ascending. This means that the ATR value measured behind the price movement is constantly increasing. This can be an upward force in price movements. Although it should be noted that for the time being, the ascent rate of the SP500 is declining. This causes divergence in other indicators, such as RSI indicators. But in my opinion, this can be misleading because now price movement can step up from an accumulation band, which can override the false divergence picture. That’s why I’m definitely in a long position. Target price: 4353usd