Bullish Momentum in S&P 500 as Market Stabilizes Above 5327
The S&P 500 (SPX) has stabilized within a bullish trend by stabilizing above 5327, targeting 5363 and 5412 soon. The current volatility and technical indicators suggest bullish momentum.
Bullish Scenario: As long as the price trades above 5327 will support a bullish trend toward 5412
Bearish Scenario: the price should drop to stabilize under 5327 to be downtrend toward 5260