Could it be that FED is trying to control the S&P500
If you look at the cycles from the bottom and they would just get a bit longer by time, then it would be something similar to this. So the previous cycle was about 2x longer than the first one and about 4-5% lower.
SPX
SPX
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The chart is looking nice
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Seems like we are stuck to the summer box and investors are waiting to see, if lifting of restrictions has affected the #covid cases. Some of the EU countries open 1.7. and then others later 13th of July.
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Still looking ok