#NasdaqETFUpdate S&P 500: Bullish scenario remains

The index has confidently settled above key resistance levels on higher timeframes — the worst is already behind us.

Technically, an ascending wedge will form with a target range of 6400–6500.

Main scenario:

Growth with periodic corrections until the middle of Q4.

I expect an update of the ATH by mid-July, and above the ATH, the index may start to show clear performance.

In the near future, important events are planned — they are already priced in, but in fact will be a trigger for volatility.

Closer to these events, we will return to the analysis.