S&P 500: Is 6017 The Top?
- The post-election high for the S&P500 at 6017 could mark the top of the recent parabolic melt-up.
- The triggers for the upside are diminishing, while the triggers to the downside are gaining importance.
- Given the valuations and the macro situation, it's prudent to sell at these levels, even if the price exceeds the 6017 level.
DNY59
The top?
The S&P500 (SP500) rallied after the election cheering the Trump victory, and the rally topped at 6017 intraday on 11/11, and closed just above the 6000 level at 6001, which was the new all-time high. The question is whether
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