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The SPX500 has broken through key areas of resistance, could the bull run continue for the US Stock Market?
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SPX500 Has The Bull Market Returned?
The stock market is always in flux, and the recent bull run on the S&P 500 has caught the attention of many investors. The Federal Reserve hiked rates and held a dovish tone, and this has had an impact on the market. This article will examine the current state of the S&P 500, the role of the Federal Reserve, and what it could mean for investors.
The Federal Reserve hiked rates from 4.50% to 4.75% yesterday and the Chairman Powell held a dovish tone. The Federal Reserve’s attention is now turning to the upcoming NFP reports, as they look for unemployment to be impacted by the rate rises. The dovish tone, however, helped the stock market rally, and the price is currently trading above the key highs of 4100.00.
The market broke through a long-term trendline resistance, which suggests that the market could be on its way back to all-time highs. This breakthrough is a bullish sign for the market and could lead to further gains in the coming days and weeks.
The S&P 500 bull run is a positive sign for the market, and the recent actions by the Federal Reserve have helped to boost investor confidence. The market breakthrough and potential for bullish trading opportunities could lead to significant gains for investors and traders. As always, it is important to consider the potential risks and to make informed decisions.
Have you watched our USD Index analysis? You can see it here.
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