Last Hoorah?

by | May 22, 2024

After a turbulent April, markets came alive in May — especially after key numbers came in and the market seemed to interpret greater odds that the Fed would lower interest rates.

All three major indexes have even made all-time highs over the last few days.

But the SPX has been bumping its head on a key level and Jeffry’s warning that this could be the last hurrah before a big flush out.

Among other things, Jeffry tells us that the candles with wicks indicating rejection are a concerning sign:

It’s as if the market has tried to break through and is encountering major resistance.

He gives us a key support range to watch, between 5060 and 5150.

If markets can’t hold that level, he’s drawn a big arrow indicating odds are that we’ll hit the 4700 range.

Get Jeffry’s full analysis on yesterday’s Morning Monster starting right at the top of the show.

— The Prosperity Pub Team

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