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Benzinga
42 days

Another July, Another S&P 500 Rally - But Something's Seriously Off This Time

1. S&P 500 is experiencing high volatility, closing above upper Bollinger Band. 2. Historically, this pattern preceded a 10% correction in July 2024. 3. Market breadth is concerning with a few stocks driving gains. 4. Seasonal trends suggest bullish sentiment but with underlying risks. 5. Investors should remain cautious about their S&P 500 holdings.

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FAQ

Why Bearish?

Technically, the S&P 500's high volatility suggests potential for a correction, as seen in July 2024.

How important is it?

Technical warnings and market internals indicate a significant risk, necessitating caution for investors in IVV.

Why Short Term?

The current market signals indicate an imminent risk of a pullback due to over-valuation.

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