Since the beginning of April, the S&P has been in a downtrend.
As stated in the article of 27.05. mentioned we could see a break and further rise of the index.
However, the S&P has not moved much since the beginning of June.
The index is currently at 4150 points, which is a loss of +-0% from the previous day.
A further test towards the downtrend line is conceivable from here.
In this context, a rise and breakout above the 4200 points mark cannot be ruled out, but is less likely.
In this regard, the economic data on Friday should be noted.
The inflation figures will give traders a good overview of the country’s current economic situation.
We wish you a successful start into the trading week!