$SPX WILL CROSS $8,000 THIS SUMMER
The weekly MACD printed a bullish crossover recently
Same signal that preceded a 40% rally in late 2023 and a 21% rally after the May 2025 bottom
Both times the market climbed for months after
Momentum is rebuilding from deeply oversold levels, and the histogram is turning green
So the short-term case for more upside is real
But zoom out and the picture gets uncomfortable
Price beating records, hit a new ATH
The MACD is lower than it was in 2024
That bearish divergence shows momentum is weaker at this high than it was at the last one
It is approaching a long-term descending trendline that has acted as resistance for years
Every touch of that line has reversed the market
Put it together, the crossover could push this to the $8K level in the coming months
But the divergence and the trendline suggest that move, if it happens, is the last one before a meaningful correction
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