The S&P 500 Financials sector index has once again broken the new high on 12th April 2021 Monday after prices breaks 586.40 resistance. Further technical indicate stronger upside going ahead as the Ichimoku indicators is showing namely i) Prices has been trending above Tenkan-Sen and Kijun-Sen. ii) Chikou-Span trending above the candles and the line recently breaks above the resistance at 586.40. iii) Senkou-Span A turns up strongly. Furthermore, prices has been trending upwards well within the uptrend line
Target resistance zone of 161.8% and 200.00% extension level of 549.35-586.42 is an attractive target