On 05/12/25 the S&P 500 (SPX) broke above the trendline, connecting the 04/09/25 and 05/02/25 peaks. The SPX also move above the 03/25/25 peak and the 200 – Simple Moving Average (SMA).
The only significant factor that could be bearish is that the move up to new post 04/07/25 rally highs occurred on a Full Moon. Sometimes markets turn on Full/New Moons plus or minus two trading days.
The daily SPX chart courtesy of Trading View updates the action.
The challenge for the bulls during the week of 05/12/25 to 05/16/25 is to stay above the 200 – day SMA.
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