#Weekly: S&P 500 and 52-weeks average

27 May 2020

Trump: "Stock Market up BIG, DOW crosses 25,000. S&P 500 over 3000. States should open up ASAP. The Transition to Greatness has started, ahead of schedule. There will be ups and downs, but next year will be one of the best ever!"

SP500 and The Market: OK!

Bullish = weekly candle closes above 3018. Targets = 3110, 3226, 3338.

Mind the gap! Bearish targets = 2956, 2864, 2538, 2300.

It's more expected: rise to 3110, retrace the 3000 zone and then rise to the higher levels (close the 3329 gap???).

Mind a huge drop. Don't know when but...


Not a trading recommendation.
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