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S&P 500 Index

Sp500 Into June/july Whipsaws and possible drops at NFP/FOMC

By piesky
Updated
NFP might print very good next week on thursday the 4th june, compared to last. The FOMC meeting that ends June 16th will have economic projections and we might get info regarding tapering there that could take us down towards 3900.
Comment
That is fear building on a good NFP print, then a bounce and then a deeper drop when FOMC tapers bond purchase. Then a slow grind up afterwards. After summer unless something changes dramatically probably new highs.
Trend Analysis

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