Yes, we know that Equal-weighted $SPX has not made progress in a month, & DJIA, DJT, IWM are not at new highs joining the SPX and QQQ. Minor breadth erosion, as Cons. Staples stabilization has fueled a "fractional" amt of Defensive positioning will be worth watching
However, Subdued sentiment remains a friend of the Bulls. While seasonality & cycles DO suggest some consolidation over the next 2 months, it hasn't happened yet, and stocks like $NVDA trading within triangle patterns while META, AAPL, TSLA have just broken out make it unlikely that Tech turns down just yet. I will be discussing the timeline for a pullback, but I'm still optimistic for now, and as the saying goes, "the trend is your friend until it ends"
