Now there is a chance it can get even worse and the market breaks below long term support but instead of bouncing back like after covid we stay below the long term support and have a long term death cross.
In that case the market (S&P) will be trading below 3000.
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I’m projecting the S&P to be at 3500 by start of Q3 and dip to just above 3000 at its worse.
Moodys projections have been solid for the last 12 months and they’re anticipating a recession to Q1-2023.
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