There’s nonetheless loads of time to trip this inventory market rally

The inventory market, as measured by the S&P 500 Index SPX, has decisively damaged out and continues to plow forward, constructing on the current upside push over 4400. Even although there are some indicators of an overbought market, we aren’t seeing any confirmed promote alerts but. SPX has overcome two small resistance ranges, with the 2023 highs close to 4610 as the subsequent space to beat. Above that, the all-time highs at 4800 is likely to be reached.

As for draw back prospects, there may be nonetheless an apparent hole on the SPX chart right down to 4420 or in order that…