Hope everyone had a good weekend. The market has continued to make higher highs but has yet to challenge the 2111 level in the cash market. As I said last week, there are enough waves to call the 5 count complete and a break of 2087 would confirm that. However, I think there is room to go higher before a proper correction so we'll find out tomorrow or Thursday. A possible catalyst for a rally in June might be the UK exiting the EU. If that were to happen, my guess is the Feds will not be raising rates which in turn provides the perfect excuse to push higher.
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Short Term Trend = Bullish
Medium Term Trend = Bullish
Long Term Trend = Bullish