Still More Sideways - Market Analysis for Jun 17th, 2019

There really is not a lot to add right now with the market just grinding sideways.  So, it the 2910/11SPX level remains the key pivot overhead, with 2858SPX below us.  Over the upper pivot, and we are "likely" heading up to the 2965-2990SPX region as presented in purple on the 5 minute chart.  A break down below 2858 first keeps us in the yellow/green scenarios.  And, the Fed will likely provide the catalyst for the decision.

Also, I want to note that once a decision is made, we will be able to narrow down the potentials presented by the market at this time.

5minSPX
5minSPX
1SPXdaily
1SPXdaily
Avi Gilburt is founder of ElliottWaveTrader.net.