SP500 faces signs of possible mid-term top 🧐
SPX closed down 0.7% yesterday. The Nasdaq index, which is dominated by technology stocks, was relatively active. Nvidia and Tesla both suffered a single-day decline of 3-5% due to position adjustments. Although the change was not obvious based on the closing price, SPX The intraday volatility has exceeded the level of the past 2 months, and we continue to observe some preliminary signs that the stock market may be in the process of forming a top. Stocks popular with retail investors have performed relatively poorly, while other momentum indicators such as RSI and oscillators have also Potential warning signs are starting to show.
