These are some numbers for the NASDAQ. I know I'm posting on the SPX board but I see very similar numbers on the SPX too. Only the Dow has better numbers and more by much. Nasdaq will close year down at 17500-1800. Still 15% or so left on the downside. I see a similar movie on the SPX. The top 5 companies on the Nsmasdaq make up abbkut 40% of its move uo, and the top 10 make up over 60%. Unless these companies continue to grow at the rate they have been for the last 4-5 years then I think we see a selloff coming soon. NVDAMETA AMZN LLY and MSFT make up 19.7% of the SPY, The top 7 make up 34%. You cant count on these heavily weighted companies to grow at the same pace as they have. This spells toruble for the SPX and Nasdaq
SPX MACD (12,26) is -179 RSI (14) is 45 STOCHASTICS (9,6) is almost 97 STOCHASTIC RSI is 100 Williams%R is -2.07 14 Period ATR is 174.
All these indicators are pointing to an overbought volatile market that is likely to reverse a 5 year bullish trend.
SGMO 
LLY has entered into a license agreement with Eli Lilly $LLY. The deal, announced today, includes an $18 million upfront license fee paid to Sangamo, with the potential for the California-based biotech to receive up to $1.4 billion in additional fees and milestone payments for five potential disease targets. businesswire.com/news/home/20250403023818/en/Sangamo-Therapeutics-Announces-Capsid-License-Agreement-With-Lilly-to-Deliver-Genomic-Medicines-for-Diseases-of-the-Central-Nervous-System
NVDA 
META AMZN 
MSFT make up 19.7% of the SPY, The top 7 make up 34%. You cant count on these heavily weighted companies to grow at the same pace as they have. This spells toruble for the SPX and Nasdaq
SPX MACD (12,26) is -179
