FWIWMy Comment: In an election year ? Would the Fed allow that ?
Avi Gilburt: Something bad may be coming this summer | Kitco News Excerpt:
And, then we can move onto the next potential surprise. Once this next rally completes, and we then break back below 5048SPX, it will open the door to a potential decline that can be exceptionally rapid and violent in nature, which ultimately points us down to the 3500-3800SPX region later this year.
So, let’s take one step at a time. The 5048SPX level is support for the coming week, and if it holds, then it sets up a rally to the 5350+ region over the coming weeks, which can lead to a major market top. And, when the market sees a sustained break of the 5048SPX level, that will open the door to a major market decline in 2024.