Get our July forecast for the SP500 here:
A lot will be riding on the US dollar and interest rates. While we have been melting up, the reality is that
That was a previous resistance level, and we also have the 50-Week EMA racing toward that area, and it does suggest that the area should be rather massive support, was from a technical analysis standpoint and market memory. However, be cognizant of the interest rate situation, because if interest rates continue to get very heated in the United States, that could very well beat up on the S&P 500.
Employment will be a major factor as well, and the reality is that in the past we have seen recessions start like this.
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