S&P 500 Index
Investment Thesis
SPY pulled back sharply -4.5% from its 52-week high on institutional-level volume, but the structural bull market framework remains firmly intact — golden cross confirmed, price above both major MAs, and a historically powerful breadth thrust backdrop. The high-volume shakeout looks like a textbook 'flush the weak hands' pattern within an ongoing uptrend, setting up a conditional path back to all-time highs and beyond.
Why It May Work
Why It May Not Work
Timeline
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