Weekly Video Update for May 31- June 3, 2022.

Each week, a video is prepared which analyzes and evaluates current conditions of the S&P 500.
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Chapters
00:00 Introduction, Overview & Recap
07:58 Sectors
08:47 Current Market Valuation
09:30 Sentiment
15:39 Fed Watch
16:13 Breadth Analysis. Advance/Decline, NHNL Studies
17:08 Trend Analysis
18:08 Long Term
21:40 Chart Variations
22:07 Trading Systems
22:22 Broad Market Stocks
23:31 Broad Market Other Markets
24:22 Relative Studies
26:22 Outlook
27:53 Scenarios
Weekly Video Update
For May 31- June 3, 2022
The Week’s Session
Recap 1: Week of May 23-27, 2022
For the Week:
S&P 500 broke a seven-week losing streak.
The week ended strong after the release of the FOMC Minutes on Wednesday May 25.
A possible positive scenario may be developing.
The technical picture is negative but improving.
Up: 6.58% for the week.
Volume:
Average
Fixation:
Technicals, inflation and interest rates, geopolitical concerns, China/Supply chain, Oil, Fed Speak & Policy, Earnings.
Trend Condition:
Strengthening Trend: Negative
Sectors
Current Market Valuation
https://currentmarketvaluation.com/
Sentiment
Earnings & Valuation
FED Watch
Breadth Analysis
Advance/Decline, NH/NL Studies
Trend Analysis
Long Term
Months to Years
Chart Variations
Trading Systems
Broad Market
Stocks
Broad Market
Other Markets
Relative Studies
Outlook for May 31- June 3, 2022
Major Economic Reports to be released:
Tuesday:
Chicago PMI & Consumer Confidence
Wednesday:
ISM Manufacturing
Friday
Employment Situation
Things to Watch:
Technicals, inflation and interest rates, geopolitical concerns, Russia/Ukraine, China/Supply chain, Oil, Fed Speak & Policy, Earnings, Japan.
Tuesday, May 31, 2022 Scenarios
1. Down (Negative)
A. Rising interest rates, inflation fears, growth concerns, earnings, Fed Speak & policy, Fear. The recent trend of selling into strength.
B. Technicals are still negative but turning positive.
2. Up (Positive)
A. The technicals are turning positive. Sentiment is extreme negative.
B. Possible positive scenarios.
Coppock Curve and Pring Bottom Fisher have turned up. Staples spike is looking more viable. The Mass Index has triggered a signal. Have 2 Year Yields topped? Fed Pivot?
C. Technicals: Pivots, ST MAs, fib retracements, and previous levels may provide S/R.
3. Sideways: (Neutral)
ADX is above 20 and showing a negative trend.
Thank You!
John Clay
The SPX Investing Program
[email protected]