S&P 500 Extends Irregular B‑Wave Rally Toward Key 7120 Level

The rally has already exceeded the 6800-6900 retracement zone and reached the 7120 extension, which raises the risk of exhaustion. The note flags April 18 seasonality as a potential turning point and advises watching for reversal signals. Overall, the article is a technical caution rather than a fundamental change in outlook.

Analysis

The rally has already exceeded the 6800-6900 retracement zone and reached the 7120 extension, which raises the risk of exhaustion. The note flags April 18 seasonality as a potential turning point and advises watching for reversal signals. Overall, the article is a technical caution rather than a fundamental change in outlook.