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Tuesday, May 14, 2024

S&P 500 Major High on May 23-24 | Allen Reminick

After a high on Tuesday, May 14th the S&P 500 might go sideways to down into Monday, May 20th. The final swing up should occur between May 20th and May 23rd-24th, and could eventually reach above 5,330.


Next should be a first low on June 3rd and another one on June 13th, followed by a rally into June 25th or even through the July 4th weekend. The big move down should be right after July 4th and the more important intermediate swing low on July 24th-26th.


Even if the market now breaks for a couple of months, we are expecting 4,600 in the S&P 500 this year and the long-term uptrend to resume in August 2025.