Higher High Already
In overnight trading the market moved past the May high of 4243.25. We have a new high of the year. The next major resistance is likely the 4327.50 number from August of 2022.
What will the market do next?
Basically, anything is possible.
It can try to stay up all the way through the FOMC Announcement on June 14.
The market could drop back down to challenge the open of the quarter. June is the last month of the 2nd Quarter, so 4127.00 is an important number.
Whether the market tries 4327.50, or 4127.00, we do expect it to move.
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