In today’s briefing:
- SPX Sequence into Early June
SPX Sequence into Early June
- SPX has once again slipped from the 4,200 high zone. Bounce support lies at 4,120/100.
- Our preferred sequence touted a pullback from 4,200-20 which holds 4,100 and rockets back to 4,200+ on the back of a debt deal with overshoot risk to 4,250.
- Any new June high will be unsustainable and fall prey to macro undercurrents. USD getting a bid on yield and risk aversion.
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