Tick Tock - Market Analysis for Jun 5th, 2025

Yea, I know it sounds like a broken record already, but after being in the same general region now for basically the last month, it is still only a matter of time before the market provides us with the standard pullback we will often see.  Can we extend a bit higher first?  Of course.  

So, for now, our micro support is the 5920SPX region.  And, below that is the all important 5767SPX which is highlighted on the 60-minute chart quite prominently.  Below that level provides the confirmation of the pullback and the structure of that pullback will likely tell us what to do over the rest of this year and beyond.

So, unfortunately, without much in the way of additional evidence that a top has indeed been struck, we can continue to grind higher towards the next resistance in the 6075-6100 region.  But, remember, a break down below 5920SPX would be an initial indication of finally striking a top to this rally.  It will come.   Again, it’s just a matter of patience right now.