SPX to cross 5000 soon
Following a robust surge to new all-time highs ) last week, $SPX encountered a setback on Wed 1/31. This was driven by disappointing earnings from notable companies like AMD, GOOG, and MSFT, alongside the conclusion of the FOMC meeting, culminating in a sharp 80-point...
SPX – Looking for top
On Friday, January 19th, the $SPX reached new all-time highs, both intraday and at closing. Since then, it has continued to climb, setting fresh closing records daily. Much of this surge appears driven by short covering and enthusiastic buying from previously...
AI Bulls on Fire ; SPX breakout above 4800
Despite the worsening internal indicators such as put-call ratios, breadth, and New Highs vs. New Lows, the $SPX has not significantly weakened and remains close to its all-time highs. The NASDAQ-100 ($NDX) and the Dow ($DJX) have already achieved new all-time highs...
2024 all time high
The $SPX hit new highs this week, surpassing 2024 levels. While the all-time highs were in January 2022 at 4818 (intraday) and 4796 (closing), recent numbers hover close. A two-day close above 4800 could signal the next bull market leg. Support at 4700 and stronger at...