Stock Market Outlook entering the Week of May 29th = Uptrend
Last week’s “small rally” forced a complete reversal in the market outlook, from downtrend to uptrend, as the indexes reclaimed their 20, 50, and in some cases 200 day moving averages. With the 20, 50, and 200 day moving averages so close to one another, the potential for further whipsaw action over the coming weeks is very high.
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