Here is an hourly bar chart showing regular hours trading in the June S&P e-mini futures. I last commented on this market here.
The market has accelerated below short term support at 1281 and is now headed for the 1231 level. I think that will mark the end of the correction which started from the May 5 top at 1331. From there I expect a rally to new bull market highs which will carry the S&P's into the 1350-1400 zone. My best guess is that this rally will last most of the summer.
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