Future Outlook for US500 (SP500)I think the US500 (SP500) is likely to rise to 3800 points. The market has been strongly aware of the 13EMA this year and it has been a resistance line many times. Looking at the weekly chart, the high of 3806 points on 10/5 and the 13EMA are roughly at 3800 points. This suggests that a rise to around 3800 is expected. Beyond that, the development will depend on whether this 13-EMA line and the 10/5 high can be exceeded.
