Karel Ruzicka @RoseThorn__Trade: "🐂 𝐓𝐰𝐨 𝐬𝐭𝐫𝐨𝐧𝐠 𝐝𝐚𝐲𝐬 𝐰𝐞𝐫𝐞..."

Czech Republic

🐂 𝐓𝐰𝐨 𝐬𝐭𝐫𝐨𝐧𝐠 𝐝𝐚𝐲𝐬 𝐰𝐞𝐫𝐞 𝐞𝐧𝐨𝐮𝐠𝐡 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐛𝐮𝐥𝐥𝐬 𝐭𝐨 𝐭𝐚𝐤𝐞 𝐚 𝐩𝐚𝐫𝐭𝐢𝐚𝐥 𝐯𝐢𝐜𝐭𝐨𝐫𝐲 The US stock index S&P 500 has a second straight week of gains, this time gaining 0.55% thanks to growth in the second half of the week. On Wednesday, the S&P 500 tested the psychologically significant 5000 level, but on Thursday there was a reversal. Significant gains on Thursday and Friday moved the weekly candle into the green spectrum. Even with Tuesday's drop and Wednesday's slight loss, the index did not break the 5000 barrier, and is currently above the 20-day moving average and at the 50-day moving average. The daily chart thus vacillates on the edge between a positive and a negative setup in the short term. See the chart in the comment. The S&P 500 is trending without a clear direction. The 5,050 to 5,180 band can be extended to 5000 to 5180. The nearest support appears to be at 5000, followed by an important support at 4800. The nearest resistance is at 5180 and the next at the all-time high around 5260. The VIX volatility index (the so-called fear index, which measures market volatility) continued to decline. It closed below the moving averages on Thursday and Friday and continues to be a positive sign for the stock. ⚡ 𝐒𝐮𝐦𝐦𝐚𝐫𝐲 ⚡ The S&P 500 lost 4.16% in April. It was the first losing month since last October. Nevertheless, the market started May in style. The well-known saying “Sell in May and Go Away” has not been confirmed in recent years, we will see this year. $SPX500 $NSDQ100 $DJ30 $USDOLLAR

Not investment advice. The author may have financial interests in the mentioned instruments.