SPx (Correction after rally or finished)

Technical Analysis of SPx

the price will move under the NFP and the Unemployment rate pressure, so the movement will be huge for the indices.

• Bullish Scenario: For a bullish trend to emerge, the price must stabilize above 5260, potentially pushing up to 5302. If the price surpasses this level, it may indicate the start of a new bullish trend of about 5347. but right now as long as the price trades above 5347 means will try to touch 5378 as well.
  
  
• Bearish Scenario: if the price breaks 5347 means will drop to touch 5320 and then downward should break the support zone which is 5301 to get 5259
  
  Pivot Line: 5347
  Resistance Levels: 5378, 5400, 5423
  Support Levels: 5320, 5302, 5260Today’s expected trading range is between the support at 5301 and the resistance at 5423.
  Market Concentration Hits Record Levels with Microsoft MSFT , Nvidia NVDA , and Apple AAPL
  
  For the first time since at least 2000, three U.S. stocks—Microsoft Corp., Nvidia Corp., and Apple Inc.—now account for over 20% of the S&P 500's total value, according to Dow Jones Market Data. This means that these three companies alone are worth more than hundreds of other constituents combined, as highlighted by data from Bespoke Investment Group.
  
  Historically, increasing concentration in a few large-cap stocks has often coincided with stronger overall returns for the S&P 500. However, the rapid rise in the values of these tech giants is causing some concern among investors. Even those who have been bullish are starting to feel uneasy about the growing dominance of these few stocks within the index.