Market Outlook – 06/07/19
Today’s Market Outlook:
With average trading volume, the S&P 500® continued its winning streak with a 30-point gain to close over 120 points above last Friday’s close. The intermediate line continued its ascent towards the chart’s midpoint. Despite a small decline, the near-term line maintained its position in the upper-reversal zone. On opposite ends of the spectrum, the momentum line turned slightly higher while long-term Market Sentiment‘s drop is slowing down. As usual, all the major averages’ Market Forecast charts appear similar to one another.