According to Eric Balchunas, the S&P 500 ($SPX) has closed green for the seventh consecutive day as of May 1, 2025, defying market expectations of a reversal. This sustained upward momentum highlights strong bullish sentiment and may prompt traders to look for potential breakout patterns or overbought signals in intraday charts. With such a prolonged winning streak, traders are advised to monitor for potential pullbacks, profit-taking, or trend reversals, as extended rallies often attract increased volatility and short-term corrections (source: Eric Balchunas, Twitter, May 1, 2025).