Stocks Bounce, As SP500 Can Be Progressing 5th WaveJun 3, 2024

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
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.

Stocks Bounce, As SP500 Can Be Progressing 5th Wave SPX 1H Chart From June 03
SPX 1H Chart From June 03

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