Join Larry McMillan as he discusses the current state of the stock market on June 16, 2025.
The broad market continues to inch higher, and has so far remained above the previous downtrend line that connected the February and May highs. The only overhead resistance is the all-time highs at 6150. There are several support levels below, from 5940 down to 5700. Several of them are denoted with horizontal blue lines on the $SPX chart in Figure 1.
Join Larry McMillan as he discusses the current state of the stock market on June 9, 2025.
The downtrend line connecting the February and May highs was a major impediment on the upside, and now $SPX has overcome that. For the previous three days, $SPX has traded above that downtrend line, probing up towards 6000. But each day's close has seen the Index slip back. Today, a strong reaction to the Unemployment Report, has seen $SPX trade up to new relative highs. If it can hold this level today, above 6000, new highs should be the next stop.
Join Larry McMillan as he discusses the current state of the stock market on June 2, 2025.
Last weekend, tariffs against Europe were postponed, and the stock market took that as a very favorable sign. When traders returned after the Memorial Day weekend, $SPX gapped higher on what turned out to be a very strong day for the big-cap stocks. The gap from that day extends down to 5830, and it would probably be a positive thing if that were filled. A move below 5700 would be negative. There is resistance at last week's highs near 5970 and also at the all-time highs of 6150.
Join Larry McMillan as he discusses the current state of the stock market on May 27, 2025.
The broad market continued to rally through May 20th -- even shrugging off a downgrade of US debt over the weekend. But on Wednesday (May 21st), a poorly received US Bond auction finally sent the market spiraling downward 100 points. That was enough to generate some sell signals.
Join Larry McMillan as he discusses the current state of the stock market on May 19, 2025.
Stocks have continued to rally, after last weekend's positive tariff meeting between the U.S. and China. $SPX gapped higher on Monday, blasting right through former resistance at 5700 and 5800, and thus establishing a new bullish pattern on its chart.
