S&P 500 Index
Investment Thesis
SPY is knocking on its all-time high of $748.17 after a powerful breadth thrust — the share of S&P 500 stocks above their 50-day MA surged +31% in a single week to 58%, confirming broad participation rather than narrow mega-cap leadership. A confirmed close above $748 opens the path toward the $763–770 zone.
Catalysts to Watch
Breadth thrust fired: % of S&P 500 stocks above the 50-day MA surged from ~42% to 58% in one week (+31% week-over-week), while SPY recovered from the May 19 swing low of $733.73 back to $745.64 — just 0.34% below its May 14 all-time high of $748.17.
Why It May Work
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Timeline
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