The stock market outlook remains in an uptrend to start off June. The ADX and price/volume are both in an uptrend, and Elliott Wave showing a "downtrend".
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Elliott Wave show the S&P500 remains in a corrective pattern (an expanded flat). If we completed the Minor B last Thursday, the Minor C target is ~2580.
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As our economies reopen, all eyes are on the consumer. The stimulus (aka debt) that we’ve taken on is for survival, not for productive uses....an attempt to fill the gap. We'll have to see how much of that gap we can fill without help from the Fed.
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More commentary after the jump...<a href="https://www.invest-safely.com/stock-market-outlook-2020-05-31.html" rel="noopener" target="_blank">Stock Market Outlook - Week of May 31 2020</a>
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