S&P 500: This Rally Needs A Blow Off (Technical Analysis)

Market Performance - The S&P 500 experienced a volatile week, dropping 2.18% due to the Greenland escalation before recovering and settling back within the previous week's range [1] Analyst Insights - Andrew McElroy, Chief Analyst at Matrixtrade, utilizes a proprietary top-down system developed over 15 years, incorporating fractals, Elliott Wave, and Demark exhaustion signals, along with macro drivers and market narrative analysis [1] Daily Edge - The 'Daily Edge' is a resource provided by Andrew McElroy, offering actionable ideas, directional bias, and important levels in the S&P 500, as well as insights into commodities, stocks, crypto, or forex [1]