SP500 Reaches For Stock Market Record (What Happens After?) | S&P 500 Technical Analysis

The SP500 is reaching to set a new stock market record breaking above 3400. Currently the SP500 is trading just above 3350. The question now is, will the stock market reach its all time high? and if it does, what happens next?
In today's S&P 500 Technical Analysis video I discuss the SP500 on multiple timeframes to get a good sense as to where the stock market might be heading. At this point in time I do not see the stock market just crashing and rolling over, however I would not be surprised to see a pullback as the sp500 reaches for its all time high.

A healthy pullback in the SP500 would be at the major support of 3200. I would expect to see a lot of buying take place if we reach that level in the coming weeks.

TIMESTAMPS:
Intro: 00:00
SP500 Weekly: 00:24
SP500 Daily: 01:35
SP500 30 Min: 04:17

STOCK TRADING PLATFORM I USE
○ Webull (GET 2 FREE STOCKS): https://bit.ly/3i5U591

MY FAVORITES - https://amz.run/3JLv
○ Book Recommendations
○ My Studio Setup
○ Morning Coffee

COME SAY HI:
Instagram: https://www.instagram.com/figuringoutmoney
Twitter: https://twitter.com/mikepsilva

Make sure to SUBSCRIBE to my channel!

DISCLAIMER: I am not a professional investment advisor, nor do I claim to be. All my videos are for entertainment and educational purposes only. This is not trading advice. I am wrong all the time. Everything you watch on my channel is my opinion. Links included in this description might be affiliate links. If you purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel :)

#SP500 #StockMarket #TechnicalAnalysis