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.