What goes up, must come down. SPX has been doing well due to a few tech companies (FANG = facebook, amazon, netflix, google). Eventually these companies will sell-off. When they do, the SPX will adjust accordingly. I'm guessig
If you understand fundamentals, none of these companies, except for google, will end up being a long-term player. Google will probably absorb them, as their earnings evaporate.
CoinedByCrypto
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It does make much sense indeed.. pullback coming but I see one more ATH before that due to looking at it with ELLIOtt Wave eyes....we need a compilation of the 5th wave. Right now a 127.2 extension could do that.
If you understand fundamentals, none of these companies, except for google, will end up being a long-term player. Google will probably absorb them, as their earnings evaporate.