SPY nears record high with double top setup in play. AI quant signals flip to neutral. Bearish engulfing candle appears again
SPY’s up. But internals are cracking. RSI over 80. Stochastic signals stalling. Price action’s heavy. Hedge funds dumped $60B in index exposure last week. Retail’s still chasing. Fed’s rate cut already priced in. No upside surprise left. One of the most predictable U-turn points in the market is when the price approaches a previous all-time …