SPX Could Have Bullish Breakout on 6/4/18

Since mid - May the SPX appears to be building a base. The .618 retracement of the January to February decline is at SPX 2742.44.
There's a double top at SPX 2742.10 and 2742.24. A move above this triple zone of resistance could be the start of a powerful multi-day rally.

Short term traders could enter long positions - based on SPX related funds or futures above SPX 2742.24.
If the SPX opens above 2742.24 enter long positions in the first minute of SPX trading - 9:30 AM - ET.

If break out above 2742.24 minimum upside projection is SPX 2800.


Mark