SP500 Short Term Bullish Update: Target 5550-5600 | June 5th, 2024

In this video, I provide a short-term bullish update on the SP500 (ticker SPX) for June 5th, 2024. I'm expecting a rise to the 5550-5600 range with a potential overshoot to 5400, which will be short-lived, assuming 5192 holds as support. While I'm short-term bullish, I remind everyone that I'm long-term bearish on the SP500, believing we are in a grand supercycle fifth of the highest degree.

Key Points:

Short-term bullish target: 5550-5600
Potential overshoot: 5400 (short-lived)
Critical support: 5192
Long-term outlook: Bearish due to grand supercycle
Stay tuned for detailed technical analysis and insights!

Disclaimer: This video is for educational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.

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