28.05.202505:08 Forex Analysis & Reviews: S&P 500 Forecast for May 28, 2025

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

The U.S. stock index, the S&P 500, has completed the correction that began on May 20. A sign of its completion is the price breakout above the inner boundary of the green price channel and the target level of 5908 (the low from February 3).

Once the price breaks above the intermediate resistance level of 5998 (the February 12 low), the upward move toward the upper boundary of the price channel, around the 6320 mark, is expected to accelerate.

Alternative Scenario: If the price consolidates below 5908, a renewed downward corrective leg toward the 5769 support area is possible.

On the four-hour chart, the price has secured a breakout above 5908 and the MACD line. The Marlin oscillator is rising ahead of the price, signaling bullish momentum. This chart setup confirms the bullish scenario as the primary one.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.