SPX - The 5 daily moving average continues carrying the trend
$S&P 500(.SPX)$ - The 5 daily moving average continues carrying the trend, the price is aiming at the $6,300 zone until proven otherwise.
This July resembles the price action from July 2024 and July 2023, when overbought conditions were overextended; technicals didn’t matter until they did.
My vision for the market is bullish as shared with subs since April, with a specific target. A healthy pullback would be better now than a decline from an over extension; but price action is the final judge.
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