S&P 500 – Breakout above Ichimoku cloud on weekly chart

The two long positions at 4,200 and 4,170 points have reached their price target at 4,250 points. The S&P 500 could now initially continue on course to the 4,300 point mark. In the medium term, the rising trend line at 4,440 points could then be started with a further increase. As long as the S&P 500 can now largely defend the support at 4,200 points,