S&P 500 Gains More Than 4% In May (False Breakout Or Heading Higher?) | SP500 Technical Analysis

In today's SP500 Technical Analysis Update we look over the weekly, daily, and 30 minute timeframe. The S&P 500 gained more than 4% in May, making many traders ask whether this is a false breakout into resistance or are we heading higher.

Trade tensions with china are on the rise (again). Trump came out and talked about it today. Will we be in the talks of another trade deal. Another phase? Well, its early to tell but i am sure that we will hear much more news on this heading into June.

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DISCLOSURE: I am not a professional investment advisor, nor do I claim to be. All my videos are for entertainment and educational purposes only. This is not trading advice. I am wrong all the time.