sp'monthly
Summary
*Chicago PMI comes in at 65, which is the highest reading since mid 2011.
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I'm not quite sure what I will posting today, I will probably try to stick to the bigger cycles, after all, it is months end.
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We're set for the fourth consecutive monthly gain, and primary trend remains bullish. The monthly 10MA will be around 1825 in June, so..that would be 'core support'. Anyone think we have a chance at break <1825 next month....because I don't.
I see more talk about a Bradley turn date in mid July. I'd guess that is more likely a high than a low. Sp'1940/60 zone...perhaps...with VIX 10/9s.
I'll maybe post some speculative outlooks across the day.
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notable movers: TWTR -2.8%, although that is after huge gains earlier this week.
CHK -1.5%, FCX -1.5%...
10.28am...ohoh.. Fed official...on the loose....on clown TV...coming up...
market will react....
5/15min index cycles..look toppy..........first downside would be 1912/10 zone.
...good luck to the day-trading bears out there....