Morning Market Update with TBUZ TV

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Market Editorial - Chuck Crow

First Day of June
First day of the month, and the first day of the week. The previous month opened at 5617.50, had a high at 6008.00 and a low at 5596.00. The previous week opened at 5820.00, had a high at 6008.00 and a low at 5813.00. The crosshairs are on that May high set last week at 6008.00. On the lower side a market break below 5813.00 aims the market lower with expected support around 5596.00.

The June open is 5898.75. In overnight trading the ES futures dropped to 5867.50 and climbed to 5909.25. Our first level of support and resistance should be taken from Friday’s 5932.75 high and 5853.25 low.

News for the Week







Probabilities for the Week





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