Market Outlook – 06/05/18 – Brandon Van Zee
Today, the S&P 500® finished with a 2-point gain. The intermediate posture remains bullish and the momentum line closed in the lower-reversal zone. The combination of those two things forms a bullish intermediate confirmation signal. Market Sentiment is still bullish. The outperforming NASDAQ Composite and Russell 2000 both hit new all-time highs today. The Dow Jones Industrial Average finished with a bullish intermediate confirmation signal. The Technology, Discretionary, and Real Estate sectors within the S&P 500 hit new 3 month highs on an intraday basis.
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