The S&P500 index is moving into a peak position as the charts shown below reach their highs in December. This is also the case for S&P500 sectors, such as Real Estate ($BPREAL), Healthcare ($BPHEAL), Financial ($BPFINA), Technology ($BPINFO), and Materials ($BPMATE).
Daily Engrbytrade™ calculations have shown that significant big block selling took place during the end of November and mid-December 2023. This selling is similar to what occurred during late November and December 2021.
Stock charts courtesy of StockCharts.com.
