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S&P 500 - Flying high, overbought and stretched 7.2.24

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Indeks S&P500 (SP:SPX)  
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SP:SPX   Indeks S&P500
Trend Analysis Chart Patterns Beyond Technical Analysis spx500short S&P 500 (SPX500) spx500long spx500forecast spxsignals indicies wallstreet usequities useconomy
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trendanalysis chartpattern beyondta spx500short spx500 spx500long spx500forecast spxsignals indicies wallstreet usequities useconomy
Weekly trend-line stretching back to November 2022, is being tested around the level of 5,000 which is also a "psychological barrier" for price action to proceed going higher.

A re-test of the breakout above the 4,800 level is expected in the near-term.
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