.SPX: Bet a 3-4 Weeks' of Consilidation Period is Needed

MasterWU
16:05

Hello everyone! Today i want to share some technical analysis with you!

1

Long-legged Doji Candle: $S&P 500(.SPX)$$Invesco QQQ(QQQ)$

(1) after a record-setting 12 Green Daily Candles in a row, QQQ, along with its peers, SPX, DJI, etc. set up a Long-legged Doji candle on Thursday.

(2) it shows in-decision or a turning point of a strong trend. Need a mid-sized red candle tmrw to confirm

2

Wow, while SPX & other indexes jumped over 5% last 5 sessions, AAII bearish sentiment remains the same, 10% higher than the bullish side.

This indicator alone is NOT a good sign that the market is anywhere near the top. I would bet a 3-4 weeks' of consilidation period is needed

S&P 500, Nasdaq New Highs! Is 7000 Start of a New Bull Run?
The S&P 500 edged up 0.26% today, consolidating near record highs in a narrow range as markets await clear direction from next week's Federal Reserve meeting. Sector rotation was evident with defensive and growth stocks advancing in tandem, though volume came in below the 20-day average, signaling cautious positioning among major players. A hawkish Fed stance could trigger heavy selling below 7,000, while dovish signals may open the door to $7,100. How should portfolios be dynamically rebalanced at these elevated levels?
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