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23.05.2025 05:16 AM
S&P 500 Forecast for May 23, 2025

In the daily timeframe, the price consolidates below the green line of the ascending price channel, with a target level 5908. This likely indicates preparation to break through resistance levels, aiming for continued growth toward the upper boundary of the price channel around the 6318 mark.

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The Marlin oscillator's signal line is still declining, so we are not rushing ahead but are preparing for a bullish scenario.

On the four-hour chart, the key signal for a trend reversal to the upside is the Marlin oscillator's signal line, which shows readiness to break out of its descending channel and move further into bullish territory.

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Marlin may confirm this breakout if the price consolidates above the signal level of the nearest peak, 5877.95. A sustained move above 5908 would allow the price to also break above the MACD line, which is above the price channel's upper line.

There are multiple resistance levels, so a rapid rally is not expected — but the technical structure suggests that upside potential is building.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2025
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