The SP500 has been retesting previous highs since 2018. Large specs are also net short which tends to occur near the beginning of rallies. These technical indicators suggest that the SP500 has more upside before a plausible retest.
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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.