According to Eric Balchunas, the S&P 500 (SPX) is on the verge of achieving a 10-day consecutive green streak, a milestone not seen since November 2004, based on Bloomberg data cited by Balchunas. Such extended bullish runs often indicate strong market momentum and can signal continued upward pressure on equities in the short term. For traders, these rare streaks provide opportunities for momentum-based strategies, while also serving as a caution for potential overbought conditions that may prompt near-term pullbacks. Monitoring technical indicators and historical precedents is recommended for informed trading decisions (Source: Eric Balchunas on Twitter, Bloomberg historical data).

According to The Kobeissi Letter, trader sentiment is experiencing a notable shift, with the Fear & Greed Index climbing 44 points from its recent low to reach 48, now classified as Neutral. Simultaneously, the S&P 500 has rallied by 800 points since its April 7th low, marking a substantial 17% gain in just 18 trading days and adding an average of $400 billion in market capitalization per day. These figures indicate improving risk appetite and increasing institutional flows, which are relevant indicators for short-term and swing traders assessing entry points and momentum strategies (source: @KobeissiLetter on Twitter, May 1, 2025).