The S&P 500 finished the month of May on Tuesday, closing the month unchanged, rising by 0.01% and closing at 4,132.15. Our work continues to label the primary trend as down, or "bearish". Nervousness is in the air, but whether that nervousness is misplaced would seem to lie in whether or not the U.S. economy does indeed head into recession here in 2022. That will probably determine whether the S&P 500's bottom in May at the 3,810 region is actually thee bottom.
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