S&P500 has been in an uptrend from the lows of 2020 deflationary period. Last lap in its completion cycle is unfolding. Sentiment is very bullish for each tom and harry in the world signifying the late stages of a blow off top. 6300 zone is a possible area for topping formation patterns before the market reverses and leaves people holding bubbles in all sectors.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.