S&P 500 - Key Levels and Measurements (Bonds vs Yields vs Homes)

Happy Friday!!!

Starting with a BLANK chart, here are my key levels and measurements for the S&P 500

Earnings season is stable, more MAG 7 next week with AAPL, AMZN, META, MSFT

Trump and Company are softening the trade war narrative quickly and the market
is taking notice. Prices recovered nicely this week

5500 SPX is a key level for the bulls to push above - if done look for open space
melt-up into 5700-5800 resistance

If SPX rejects 5500 early next week we will be dealing with some more noise
and intermediate levels

4830 lows will be absolutely critical to maintaining a long-term bull market. You will
see why with this analysis.

Last piece is talking about bonds vs yields and the current housing market in the US

My belief is that yields stay sticky and home prices MUST drop to see any improvements
in affordability

Thanks for watching - have a great weekend!!!