Weekly Technical Update: S&P 500 - Sunday, June 2

Stock, Trading, Monitor, Business

Image source: Pixabay

In this comprehensive video, I take a look at the big picture for the S&P 500. I also update the labeling and Fibonacci levels after Friday's expiration.

Expectations remain for the advances to continue, with the market likely heading above 5400 next week to complete the Minor 3rd wave. Next week's economic data will include S&P flash manufacturing and services PMI's, ISM Services, U.S. Trade Deficit, and Jobs data leading up to Friday's release of the Non Farm Payrolls report for May.

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Disclaimer: Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures ...

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