Weekly S&P 500 Technical Outlook
S&P500..1413.96…. ST trend: weak uptrend Finally the S&P500 broke abv the 1396 level and it broke strongly!. Thus, the ST trend is confirmed to be on the upside and as long as this level (1396) holds, gains twd 1439 are seen. Still, the potential exhaustion gap on Friday (May 2nd) warns us that this upside breakout may not last too long. That’s why we have maintained the “weak uptrend” status in our trend definition. A move below 1396 will be a strong signal the uptrend from the 1257
Original post by Indices Futures