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Reflections #26 - SPX continues to rise...into the sun?

The short squeeze/FOMO rally continues following the FOMC in another example that talk is cheap and markets doubt the Fed dot plot - as JPOW himself.

SPX (cash) has easily taken out the 61.8% Fibo and now apporaches potentially stiffer resistance in the 4,440 to 4,500 area.

RSI, Stochastics and CCI are now in extreme overbought territory on the daily chart and the last time this happened was in August 22, after which we declined by 800 points into the Oct22 lows.

How far can Icarus rise further?


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