S&P 500 Report E-mini futures June 2017

S&P 500 Primary & Weekly cycles

The $64 dollar question is, if Donald Trump did decide to continue on with the Paris Agreement would have markets in the US reacted the same way?

US markets continue to trend higher without their usual MAY- JUNE double bottom dip. There was some weakness early but the trailing support levels in the Primary cycles held strong.

When we look at the patterns in the Market, we can see breakout of the Primary highs suggest there's is more upside in 2017/2018, and that's been my view for awhile.

However we would like to see some form of weakness to get back into the markets to capture more upside in the remaining 6 months of the year.

June highs may provide that resistance but that will be confirmed with a breakout of the 5-day lows in the week after next.