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SSPY - S&P 500 Breaks Back Above 3000 In Upside Down Market
Syntax Stratified LargeCap
The upside down stock market has continued powering upward, with the S&P 500 breaking back above the 3,000 level to close the month of May at3,044.31. That's both 341.84 points (about 10.1%) below where the market peaked back on 19 February 2020 and 806.91 points (about 36.1%) above where the S&P 500 bottomed on 23 March 2020.
Overall, the trajectory of the S&P 500 is continuing to track along within the lower half of the dynamic redzone forecast range we defined for the upside down stock market based on the dividend futures-based model