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SPX500 D1 05 11 2020 1009

The MACD indicator is positive, but soon will become negative on the daily chart, according to our technical analysis. The price stays above EMA 20, EMA 50, and EMA 100 on the daily chart. According to the weekly chart, the stochastic oscillator is at the top, and a geometric shape has already formed.

The most important data from this week:
May 12
US CPI YoY (1.7% expectation); ( 2.1% previous)
MoM (-0.2% expectation); (-0.1% previous)
Monthly Budget Statement
May 13
FED Chairman Powell Testimony

SPX500 W1 05 11 2020 1007

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