S&P 500 and Nasdaq 100 Approach Record Highs - What's Next for Investors?

Stock prices rebounded on Wednesday, with the S&P 500 closing 0.61% higher, nearing last week’s record high. Large-cap tech stocks like NVIDIA and Microsoft led the rally, with NVDA’s market cap hitting $4 trillion. Investor sentiment remains bullish, as shown by the AAII Investor Sentiment Survey. The Nasdaq 100 also reached a new record high, while the VIX hit a local low of 15.76, signaling market strength. S&P 500 futures held near 6,300, amid geopolitical sensitivity. Crude oil prices edged up but are now lower after a surprise inventory build, with OPEC+ considering halting production increases.

Overall, the S&P 500 is set to open flat today, hovering near all-time highs. While no clear bearish signals are present, a period of consolidation or mild pullback may occur due to overbought conditions. The recent rally benefited those using the Volatility Breakout System, with potential for a deeper correction in the future.

Read more at Investing.com: S&P 500, Nasdaq 100 Near Record Highs – Is There Any Upside Left?