S&P 500 at a Turning Point: Double Bottom or Drop to 5000?
@yourcelesttyy:
$S&P 500(. $S&P 500(.SPX)$ )$ $NASDAQ(. $NASDAQ(.IXIC)$ )$ $Dow Jones Industrial Average(. $Dow Jones(.DJI)$ )$ As of April 16, 2025, the S&P 500 faces a critical juncture. Federal Reserve Chair Jerome Powell has dashed hopes of a market bailout, stating, “Our focus is on inflation, not equity prices.” Meanwhile, Citi equity strategists, led by Beata Manthey, have downgraded the U.S. stock market from Overweight to Neutral, pointing to fading U.S. exceptionalism amid challenges like Deepseek, Europe’s fiscal stance, and rising trade tensions. With the index hovering near key support levels, is a double bottom forming, or are we headed for 5000—or low