SPX500 Pulls Back Amid Low Volume, Price 20 Times Earnings

SPCFD:SPX   S&P 500 Index
While it seems that price action is now using previous resistance as support, RSI and stochastic are flashing overbought. There is a fear that US equities are 'melting up' where retailers are suffering from 'fear of missing out' which is typically an indicator of a market top. This is on the back of low volume , RSI and stochastic nearly flashing and flashing overbought while prices reach towards 20 times earnings .
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