Duly noted.

Keep in mind that SPX came within less than 7 points of that 7k round number on Tuesday. To put that in perspective, that is less than 1/10th of 1%, so effectively a hit of 7k in my book, for all intents & purposes, not that it really means much to me (although to some who put a big weighting on round numbers, sure).

However, just in case you don’t get your 7k target on $SPX, you might want to note that a solid break below this uptrend line/rising wedge pattern on $SPX would likely trigger a sell signal that has the potential to derail the $SPX’s plans for a full/complete hit of 7k, either temporarily (months) or potentially for quite some time (years+). More ‘checkmarks’ on the remaining Mag 8 stocks that haven’t broken down yet would help to support that scenario.

I try to stay flexible & open to all decent probabilities & SPX 7k+ is certainly one of them, especially if the Mag 8’s start picking back up the baton & the financials continue to hold up.