Hello Everyone,
It was a choppy and slightly down day for the major indexes, and most market sectors. The SPX continues to struggle at the resistance high, and today IWM Small Caps, which have been the strongest, gave up some gains. Transports, Banks, and Homebuilders were a few notable weak sectors that stood out, while Biotech, Drugs, and Utilities were strong.
Tomorrow at 8:30 EST all eyes will be focused on the much anticipated CPI data, which will be scrutinized for signs of inflation, and Continuing Claims.
New Trade setups: CEQP, SGTX, PROG, NEW
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6/3: SPX Daily DVT = 4085 day candlestick chart 4065