The S&P 500 is continuing to gain ground and with enough momentum, we should see price reach the $3000 round number.
Whether price will successfully break above $3000 is anyone’s guess but we may see it make contact with it in the near future.
As the current pandemic appears to be settling down in certain parts of the world, investors appear to be more relaxed and confident about their investments. This has been reflected in price action, as we have seen a 34% climb in the S&P .
The candle for May so far is looking bullish and if the candle can close bullish then we should continue to see bullish moves.
A break and close above $3000 will be significant and this will be the point that we will once again look for long opportunities in the stock market.
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