Daily Update

The push up in S&P expected by cycles and also noted in previous posts continue with futures trading as high as 3000.

S&P Daily Chart - 07/03/2019

US Dollar continue to stall in wave 4.

ADP Employment report shows a rise in 102K in private payrolls. Jobless claims came in at 221K. PMI services index increased to 51.5 from prior reading of 50.9. Factory orders dropped by -0.7% but core capital good increased by 0.5%. ISM non-manufacturing index dropped to 55.1 from prior reading of 56.9.