The S&P 500 Index ($SPX) has surpassed its 2021 highs, with a Fibonacci extension target of 1.382 at 5320. However, some traders are cautious, noting a potential short-term overbought situation and anticipating a pullback. Despite differing sentiments, the market has seen a rally, with new all-time highs for $SPX and a notable increase in the $VIX.
$spx new ath while $vix greeen 🤔🤔
😁 Me, savouring every moment of the rally in $SPX https://t.co/ScowTy3icv
Looks like a pullback day for $spy $spx
$SPX $ES_F $SPY looking toppy short-term https://t.co/tG3Dm7eURr
$SPX free and clear of those 2021 highs, Fib. extension target 1.382 is up at 5320 https://t.co/TzqhW0EQ2f