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. CLICK HERE
![Stocks Bounce, As SP500 Can Be Progressing 5th Wave SPX 1H Chart From May 16](https://cdn1.wavetraders.com/wp-content/uploads/2024/06/spxMAY16.png)
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.
![Stocks Bounce, As SP500 Can Be Progressing 5th Wave SPX 1H Chart From June 03](https://cdn1.wavetraders.com/wp-content/uploads/2024/06/SPXarticle.png)
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USDMXN Is Finishing A Bearish Running Triangle. Check free chart here.