S&P 500 INDEX (SPX) 06 JUNE 2021

SPX

The long-term trend is considered up when SPX is above the 65 Weekly EMA 3633.84

Our view: Long positions above 65 Weekly EMA

Comment: SPX remains Bullish above the 3633.84 level

Recommendation: Buy on a pullback into the area between the 13 & 26 Weekly EMA

Stop-loss: 26 Weekly EMA 3961.93

Alternative scenario: Below 3633.84 SPX becomes Bearish, expect further downside to lower levels