Monday, June 1, 2020 4:22 PM EDT
The S&P 500 index closed moderately higher today, moving up to a new high for the uptrend from March. Technical indicators are moderately bullish overall, favoring a continuation of the advance.
In this article: SPX
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Stock Market Continues Test Of Critical Support Level
That is an excellent question, Alexis, and worthy of a long, in-depth discussion. However, the short answer is that market prices are based on the decisions of all market participants, regardless of whether they are basing those decisions on rational, fundamental data or irrational imperatives such as greed and fear. Essentially, market behavior reflects the sum total of all knowledge and emotion driving the decisions of its participants.