Before the Open (Jun 3)

Good morning. Happy Thursday.
The Asian/Pacific markets closed mostly up – all but two indexes rallied at least 1%. Europe is currently up across the board – gains are solid. Futures here in the States point towards a gap up open for the cash market.
I think today is somewhat of an important day because 1) the market hasn’t put in back to back up days since the end of April and 2) the market closed extremely strong yesterday, and lately, strong closes have been reversed the following day. If the market can buck these two trends, it’ll be a nice step in the right direction.
Here’s the SPX 15-min chart. A 10-day base that measures approx. 50 points measures up to 1150.

Backing up to view the 30-min chart. There’s lots of overhead resistance above.

Backing up more to view the weekly. The falling wedge remains intact.

headlines at Yahoo Finance
today’s upgrades/downgrades
this week’s Earnings Reports
this week’s Economic Numbers