We are really at a big big concentration level in the index. To sum up the situation, few trillions tech giants companies carry everything.
Don't get caught by the headlines saying record ATH, everything is fine. Situation is not and rug pull is coming imo.
Shocking stats be ready my friends:
\- only 10 sp500 stock hitting 52 week highs, not something you see in bull markets
\- I like this indy NYSE Advance-Decline. Very basic we are at -800 and sliding. (count of stock going up minus stock going down)
\- 35% of SP500 stock in a uptrend
https://preview.redd.it/9w8l3zfx60uh1.png?width=848&format=png&auto=webp&s=e8ba3e2edabef277043043868eeab859a98fa12d
I think smart money will create a rug pull soon. No margin of error is possible, only a bad surprise in this leading stock and we might see a violent correction.
Stay safe, avoid headlines. Raise cash and take profits my friends.