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Trend analysis of SPX

Trying to understand what's going on with SPX . Fundamentally it should not have done a V-shape recovery, but with FED printing like there's no tomorrow. Why not 2900 or a bit beyond?

ATH in 1 go seems surreal, as I can imagine a lot of people would want to secure long. So squeeze to 3130 and next stop 2500?
fedS&P 500 (SPX500)Trend Analysis

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