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We talked about stocks, specifically SP500 back on May 16, where we mentioned and highlighted an ongoing five-wave bullish cycle with room for more gains for wave 5 after a wave 4 pullback. 

SPX 1H Chart From May 16

As you can see today on June 3rd, after recent nice and clean, slightly deeper correction in wave 4, we got a strong bounce on Friday last week, which is an indication for further risk-on sentiment that can now send the price higher for wave 5 towards 5400 – 5500 area.

SPX 1H Chart From June 03

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