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S&P500 is now likely to gain a bit more before consolidating
SPX
, 1D
SPX: S&P500 is now likely to gain a bit more before consolidating
Updated 

With the W-formation at 4200, 4 strong days and the recent break of the EMA50 and EMA200 on Friday it becomes more likely that the S&P can even rise a bit more the next 2..3 weeks. Due to the midterm elections 2022 and the related higher volatility in August -October as well as increased uncertainties is likely that we loose that gains again until the midterm...

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