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SP500: Uptrend will continue if it trades above 3028 level
S&P500 (ES), futures market Thursday forecast, May 28
Uptrend
The uptrend may be expected to continue, while pair is trading above support level 3028, which will be followed by reaching resistance level 3056.
Downtrend
An downtrend will start as soon, as the pair drops below support level 3028,
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Asian Shares Rise After Trump's China Speech
Asian stocks advanced on Monday after U.S. President Donald Trump stopped short of threatening tariffs on China and data showed that China's factory activity expanded in May.
Investors shrugged off political unrest in the U.S. and worries about a resurgence of the coronavirus.
Chinese shares rallied
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