Everyone is bullish right now. And yes, the SPX could moon to 4700. But here's why I'm exercising caution now.
Note
Weekly closed above, so I'd now expect a pullback followed by further rally. Eventually, however, I would expect a re-test of 3637.
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Disclaimer
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.