The S&P 500 is back up above 4,600 as investors are assessing | Olymp Trade Global

The S&P 500 is back up above 4,600 as investors are assessing the risks of the new Omicron virus variant. While the recent downslide may not be the last bearish reaction of the market, the current picture suggests the index will be moving up in the near future to possibly challenge the current resistance level of 4,720.