S&P 500: Confusion At The Fed, Euphoria On Wall Street (Technical Analysis)

Market Performance - The S&P 500 index has broken above 6600, reaching a new high of 6671, indicating a bullish trend in the market [1] Analyst Insights - Andrew McElroy, Chief Analyst at Matrixtrade, utilizes a proprietary top-down system that incorporates fractals, Elliott Wave, and Demark exhaustion signals, along with macro drivers and market narrative analysis [1] - The 'Daily Edge' report produced by Andrew provides actionable ideas and directional bias for the S&P 500, focusing on various asset classes including commodities, stocks, crypto, and forex [1] Investment Strategy - The analysis system developed over 15 years aims to deliver a consistent edge in trading, reflecting a comprehensive approach rather than simple chart analysis [1]