CNBC’s ‘Mad Money’ host and a former hedge fund manager Jim Cramer offers a bearish outlook on the S&P 500 index for the balance of this year. Key quotes “The index could get ugly in the future and is braced for a fresh plunge.” “The S&P 500 could be riding into a “make-or-break moment.” “If the S&P can do that and then take out last week’s highs, up about 40 points from here, then Boroden thinks we can resume the recent rally. In that case, she says, the S&P could tack on another 200 to 300 points from these levels.” “If it can’t break through last week’s highs at 3,100. Boroden thinks you need to prepare for pain because the near future could get ugly.” Cramers’ comments are in reference to the S&P 500 technical analysis published by FibonacciQueen.com’s market technician Carolyn Boroden earlier this week. Boroden predicted the S&P 500 would fall further at the start of March. The index crashed later that month. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY Price Analysis: Keeps bouncing off 200-hour EMA below 108.00 FX Street 3 years CNBC's ‘Mad Money’ host and a former hedge fund manager Jim Cramer offers a bearish outlook on the S&P 500 index for the balance of this year. Key quotes “The index could get ugly in the future and is braced for a fresh plunge.” “The S&P 500 could be riding into a "make-or-break moment.” "If the S&P can do that and then take out last week's highs, up about 40 points from here, then Boroden thinks we can resume the recent rally. In that case, she says, the S&P could tack on another 200 to 300 points from these levels."… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
