Self Explantory chart: Indexes rise, with the S&P now clearing its 5000 resistance, trading above 5K. Retail spending collapses to 0.8% in January 2024 following the sharp decline in December 2023 at 0.5%. Are the majority of working Americas tightening pursestrings or cannot compete with rising prices? Market is transfixed on rate cuts in MAy 2024. Reiterate, not with the oil price bid over 75. Can we avoid stagflation in 2024?

S&P 500 price support/s are 

5000

4960

4940

Resistance is 5050 (Double top)

Please refer to the above chart.