S&P 500: I'm Chasing This Rally (Technical Analysis)

The S&P 500 remains in an ultra-bullish technical setup, with 7046 and 7002 cited as key support levels and 7424-7490 as upside targets. The article points to Fibonacci extensions and measured moves, with a possible blow-off top before a reversal in late May/early June. Overall tone is constructive for equities, though the call is tactical and time-sensitive rather than fundamentally driven.

Analysis

The S&P 500 remains in an ultra-bullish technical setup, with 7046 and 7002 cited as key support levels and 7424-7490 as upside targets. The article points to Fibonacci extensions and measured moves, with a possible blow-off top before a reversal in late May/early June. Overall tone is constructive for equities, though the call is tactical and time-sensitive rather than fundamentally driven.