S&P 500, Magnificent 7 Hit Resistance: Analyst Warns Of More Pain Before Gain

1. S&P 500 faces resistance at 5425-5650; risks summer slump. 2. Magnificent Seven stocks have broken down from uptrends, losing momentum. 3. Hunter warns against chasing stocks expecting quick recoveries. 4. Investors may need to rotate into safer options for stability. 5. Continued S&P 500 weakness could affect major tech stocks, including IVV.