SPX has continued to follow the plan from June 4th analysis. Today, the deep retrace occurred, and another major rally phase is to commence shortly.
SPX tested several major fork resistances. The result was the false breakout early this morning. The real breakout is coming soon to kick off a big rally up to the target zone!
Late June looks very weak again with a major decline anticipated.
June 4th analysis shows the deep retrace that occurred today with another spike up to follow.
Chart from June 4th: