Where Will it be Safe to Buy again ???

My guess is that the 5300 area of the S&P is the first real support level. That is down about 15 % from recent highs.

Our 2025 Projections are getting closer to publication, maybe this weekend.

Following through on today’s earlier comments, “Where will it be safe to be a buyer again in the S&P ? Answer 5300 looms as critical support now.”

Bigger question is how to handle this view. AI Tech has been the market driver, and the widest picture of tech can be seen with the SOXL ETF. August 5, 2024 was an important low at 23.50.

The most recent low was 25.58 on November 27th. A close under 23.50 would probably be a strong sign that the S&P will test the 5300 support level..