S&P 500 E-mini Futures 5th June 2022 Monthly Report

 

S&P 500 Yearly & Weekly Cycles

The Target on the downside is the Yearly lows of 2022 
3830 - 3689

I would expect these levels to hold for the rest of this Quarter and probably provide June support.


Right into the 2022 Yearly lows and a decent bounce up into the June 50% level (I was expecting #Bitcoin to do the same)

The trend for the rest of the quarter will be based on the 2nd Quarterly lows of 4109.

It's either going to form support and push higher...

or

The June 50% level and the same Quarterly lows, form resistance into July and the start of the 3rd Quarter.