Looking for a break out.
The S&P 500 is trading near an all-time, after achieving a high on 5/9/2017. If the market can close above 2398 would be considered. breakout. Also, the 20-day moving average, the blue line, has now moved above the 50-day moving average, the green line, which is another good sign for the bulls. The RSI indicator is not confirming this new high, but it is showing that the S&P is not overbought just yet.
The S&P 500 is an unmanaged index of 500 widely held stocks. Past performance may not be indicative of future
results. It is not possible to invest directly in an index. Opinions expressed are not necessarily those of Raymond
James. Information contained was received from sources believed to be reliable, but accuracy is not
guaranteed. Investing always involves risk and you may incur a profit or loss. No investment strategy can guarantee success.A