The market is finishing this stretch like a golfer standing on the upper ridge of the fairway after a powerful drive
FazDane Analytics — Weekly Market Analysis | May 2, 2026 SPX Near the Summit: Strong Trend, Slowing Momentum & a Pause Before the Next Move Weekly Market Analysis · SPX · Sector Rotation · MAG7 Earnings · Seasonality Week of May 2, 2026 | FazDane Analytics By FazDane Analytics Weekly Technical Macro ~8 min read ► Editor's Take The market is finishing this stretch like a golfer standing on the upper ridge of the fairway after a powerful drive. SPX has reached 7,230 — printing a new all-time high at 7,272.52 intraweek — with the FDTS signal now in day 5 of a fresh cycle (No Trade status, watching). April closed as one of the strongest months on record at +10.24% . But price is now showing early signs of exhaustion near resistance, momentum is softening, MAG7 earnings have arrived as the key catalyst, and the market is transitioning from momentu...