Support Held - Market Analysis for Jun 4th, 2026

The title just about says it all and I am going to keep this update very simple.  Today’s low held where a 4^th wave of smaller degree would be expected to hold.  Therefore, I am viewing it as wave (4) within wave (v), which you can see on the attached 5-minute SPX chart.

The next upside target is the 7646SPX region, which is, astoundingly, the 4.00 extension off the end of March low.  

So, to remind you again, we need to beak 7500SPX, with a follow-through below 7389SPX, to make it likely that the bigger pullback (or something much more bearish) is in progress.