6/28 Morning Briefing

For Paid Readers (Video To Come)

Good Morning,

Last week we spoke about the significance of the $3,800 level on the S&P 500.

We spoke about if it does break through $3,800 it could run up to the 20-day simple moving average.

Well, it did EXACTLY that.

Previous report

As illustrated on the chart below, the S&P 500 is trading under 20SMA and we think this area can be a level of resistance.

If …