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Market Tracker, 6-2

|Includes: SPDR S&P 500 Trust ETF (SPY)

     The market moved up strongly today. It looks like the resistance in the $SPX= 1100-1110 range around the 200-day EMA will be broken. On last Thursday the market closed just in this range. Then last Friday there was strong selling downwards back down to support around $SPX = 1090. Then it receded back down further into the base that seems to be forming between 1050 and 1100. Today the market closed very close to the resistance at the 200-day EMA. If the market breaks up above this resistance, the base will be in the rear-view mirror and the up segment will be underway.