SP500 Index – 05 July 2021

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Update on long term trend on SP500 index.

The market has broken the resistance at 4270 – 4290.
We think the market should edge higher toward the area between 4507 and  4534 (see resistance levels on chart).
DEMARK still slightly bullish: at the moment we have a “11” out of “13” countdown, so still possible another 2 months of rise in prices.
Support level to be checked on medium term: 4200.
On long term: 3950.

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Past performance is not a guide to future returns. The value of investments and any income from them is not guaranteed and may fall as well as rise and the investor may not get back the original amount invested.

Aleph Finance is a trading name of Pairstech Capital Management LLP.
Pairstech Capital Management LLP is authorized and regulated by the FCA – Financial Conduct Authority – with registration number 477155.
Pairstech Capital Management LLP is authorized as third country firm without a branch by CONSOB with registration number 54.
Registered Company number OC333807.

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Aleph Finance is a trading name of Pairstech Capital Management LLP.
Pairstech Capital Management LLP is authorized and regulated by the FCA – Financial Conduct Authority – with registration number 477155.
Pairstech Capital Management LLP is authorized as third country firm without a branch by CONSOB with registration number 54.
Registered Company number OC333807.

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