Financial expert Carter Worth forecasts a continued decline in the S&P 500 index, projecting a drop to the 4,850 level. This prediction is based on technical analysis, referencing the 2021 peak of 4,850 and the 5-year uptrend line originating from the 2020 Covid low.
The analysis highlights 4,850 as a crucial support level, approximately 5% below the current market value. The prediction suggests the market will fall to this level, aligning with both the 2021 peak and the 5-year uptrend line.
The article also promotes an upcoming CNBC Pro LIVE event at the New York Stock Exchange, featuring Carter Worth alongside other financial experts. Attendees can participate in interactive sessions and network with professionals.
It is important to note that the opinions expressed are solely those of Carter Worth and do not represent the views of CNBC or its affiliates. The information provided is for informational purposes only and should not be considered financial advice.
(Check out Carter's worthcharting.com for actionable recommendations and live nightly videos.) The 4,850 level is a key reference point for the S & P 500 Index , which is about 5% from here. The market's peak in 2021 following its post-Covid surge was 4,850. Our work continues to suggest that the market is headed down to the 2021 peak. The 4,850 level is also a key reference point in terms of where the market's 5-year uptrend line comes into play — the uptrend line in effect since the 2020 Covid low. Our work continues to suggest that the market is headed down to the 5-year trendline. Get Your Ticket to Pro LIVE Join us at the New York Stock Exchange! Uncertain markets? Gain an edge with CNBC Pro LIVE , an exclusive, inaugural event at the historic New York Stock Exchange. In today's dynamic financial landscape, access to expert insights is paramount. As a CNBC Pro subscriber, we invite you to join us for our first exclusive, in-person CNBC Pro LIVE event at the iconic NYSE on Thursday, June 12. Join interactive Pro clinics led by our Pros Carter Worth, Dan Niles, and Dan Ives, with a special edition of Pro Talks with Tom Lee. You'll also get the opportunity to network with CNBC experts, talent and other Pro subscribers during an exciting cocktail hour on the legendary trading floor. Tickets are limited! DISCLOSURES: (None) All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL, their parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL'S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. Click here for the full disclaimer.
Skip the extension — just come straight here.
We’ve built a fast, permanent tool you can bookmark and use anytime.
Go To Paywall Unblock Tool