This Week's Market Strategy - May 27, 2025 (Tuesday)
Yesterday saw limited movement due to holidays in the US and UK, but today's key economic indicators to watch are housing-related data and May's US Consumer Confidence Index.
The forecast is 87.2, but continued attention should be paid to any sudden statements from President Trump.
The technical support level is at 142.33, and the market is currently supported at that line and moving upward.
With the 4-hour chart's downtrend reversal point of 143.04 now broken, the market is showing signs of aiming for higher levels.
As an upside target, attention should be focused on the next resistance point around 144.08.
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