SPX U.S. President Donald Trump announced that he has agreed to extend the implementation date for the 50% tariff on EU goods from June 1 to July 9, 2025, following a request made during a call from European Commission President Ursula von der Leyen earlier that day. Von der Leyen stated that negotiations would begin promptly.
SPXSPY Price is at a major "make or break" zone here as it closed this week sitting right at the 200 MA. Either it was a successful break and retest into a new bullrun, or it was a fakeout, and the downtrend will resume, likely to new lows.
SPX Bonds breaking the decades-long downtrend in 2020 and SPX completing a distinct 5-wave rise since the 1870s (as shown on the P&F chart) indicates that we will see a major market retracement, possibly down to the COVID crash levels (0.618 retracement).
SPX Market Outlook: Week of May 26 🇺🇸 Monday, May 26 – Markets closed for Memorial Day. 📈 Tuesday, May 27 – 71.4% chance of climbing → Strong bullish probability. Note: Day after Memorial Day – Dow up 23 of the last 39, but down 8 of the last 10.
📈 Wednesday, May 28 – 66.7% chance of climbing → Still leaning bullish.
Keep in mind: Memorial Day week overall has been historically weak — Dow down 17 of the last 29, and up just 12 since 1984–1995.
📈 Thursday, May 29 – 71.4% chance of climbing → Extremely bullish setup.
📉 Friday, May 30 – 42.9% chance of climbing → Not looking great. Could be when we cool off or see a pullback after the bullish stretch.
Looking ahead: The first couple of days of June have high probability stats as well—so we may see continued upside early next month if the trend holds.
XRPUSD & BTCUSD is heavily influenced by the market.