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Market Review:
Higher High Already
In overnight trading the market moved past the May high of 4243.25. We have a new high of the year. The next major resistance is likely the 4327.50 number from August of 2022.
What will the market do next?
Basically, anything is possible.
It can try to stay up all the way through the FOMC Announcement on June 14.
The market could drop back down to challenge the open of the quarter. June is the last month of the 2nd Quarter, so 4127.00 is an important number.
Whether the market tries 4327.50, or 4127.00, we do expect it to move.
Over 70% of stocks track with the S&P 500 Futures
Major Events:
June 5 ISM Services PMI
June 13 CPI
June 14 PPI
June 14 FOMC Announcement and Press Conference
June 15 Retail Sales
Key Numbers Opens: Above or Below
4239.75 is the open of the Week
4231.75 is the open
4188.50 is the open of the Month
4127.00 is the open of the 2nd Quarter
3895.00 is the open of 2023
What's Hot and Not!
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Past performance is not indicative of future results. Futures trading involves substantial financial risk.
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