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Main Hall - May 17, 2022

S&P monthly technical analysis

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Will the S&P multi year support hold?

My opinion unfortunately is no. going back to normal i might say

we all knew the stock market was over evaluated , some of us think its the monetary policy, the endless printing qe infinity , and as tables are turning from easy money , free money even during the corona, now we see interest rates going up, the balance sheet is begging to be balanced, and it seems like we are going to test the historic resistance, now support?

it will stand to the test,

if Wednesday Paul will raise another 0.50 , we will this line break

s&p