Higher Again, but Still No Breakout

Source: Przemyslaw Radomski CFA Published on Thursday, May 24 2018
The U.S. stock market indexes gained 0.2-0.6% on Wednesday, as investors' sentiment reversed following lower open. The S&P 500 index got close to its recent local highs and it currently trades 4.9% below January 26 record high of 2,872.87. The Dow Jones Industrial Average gained 0.2%, and the technology Nasdaq Composite gained 0.6%, as it was relatively stronger than the broad stock market yesterday.The nearest important level of resistance of the S&P 500 index remains at around 2,740-2,750, mar
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