Investors are currently focusing on two key rules as the S&P 500 aims for a return to the 6,000 mark. Recent market movements have seen stocks gain modestly due to falling bond yields and a rally in chip stocks. However, shares of CrowdStrike and Dollar Tree have faced declines. Analysts suggest that the market is striving for an ‘elusive channel’ amidst significant fluctuations. The wave count indicates that the S&P 500 could be nearing the final stretch of its rally, potentially reaching 6,200.
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