S&P 500: upside potential, but caution advised
The May 23 outlook for the S&P 500 suggests consolidation just below the resistance level near 5,908. Under favorable conditions, the index has the potential to rise towards the 6,318 mark, possibly initiating a new wave of the broader uptrend.
However, technical indicators warrant caution: the Marlin oscillator is showing a decline in its signal line, pointing to a potential local correction. Investors are advised to tread carefully amid the current technical uncertainty.
Follow the link for details.
Trump's tax plan raises market concerns
The House of Representatives has approved Donald Trump's tax-cut proposal, which in theory should boost economic activity. Yet markets reacted with caution, wary of a potential surge in the federal deficit and renewed pressure on the bond market.
Rising Treasury yields are accelerating capital outflows from equities, triggering a pullback in the S&P 500 and other major indices. Despite some positive headlines, fiscal risks continue to cast a shadow over the market, fostering an environment of uncertainty.
Follow the link for details.
As a reminder, InstaForex offers the best conditions for trading stocks, indices, and derivatives, helping you profit effectively from market swings.
