SPX S&P 500, Stock Market

$SPX Update, May 21st

Standard & Poors 500 Index

Click charts to enlarge

A good chance SPX will be up tomorrow: it’s a long weekend so why spoil the holiday, plus the chart says it’s enough short-term oversold for a mild bounce.

may21_spx

Note how during this rally SPX bounced from the 20-day EMA, every time.

may21_spx2