Major Outlook for SP500 (Fundamental and Technical Analysis)

6 Nov 2023

The US treasury which moves inversely to bond prices was about 35 basis points down from 10 year high in October while the SP500 surged 5.9% in the week, its biggest gain since November (Reuters)
Fundamental Analysis from the news

1. APPL records one of the markets' massive technology growth
   
2. SP500 is rising on an average of 3% since 2 months ago (CFA research)
   
3. Analysts expect growth of 5.7% growth from the SP500 companies
   

Technical Analysis for a possible breakout of the current resistance

1. A Major resistance zone is at 447
   
2. MACD is crossing the signal line
   
3. A possible breakout at 4452 confirms a bullish movement towards 4800
   
4. A possible resistance @ 4800