SPX Short term June 2017

Updated

Have we seen this before?

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Breakout candle today

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As i stated above, risk metrics are low for next 4 trading sessions and even in an up market today, they improved. So now they are at the mean for the last 5 years which is quite constructive

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Sideways is constructive still

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Post June OPEX week has very negative results. Given that SPX has been truly constructive/sideways while cleaning overbought conditions and setting up another upleg I still think

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OK, gotta put lower range bound 2459/60 into next week

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Much longer consolidation, as long as 2400 holds, 2479 achievable

Related publications

SPX Roadmap Update June 2017

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