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The recent surge in the U.S. stock market, driven by optimism around AI and potential peace in the Iran conflict, has pushed the S&P 500 close to key technical levels, particularly a Gann Line, which could dictate whether it embarks on a stronger bullish phase or faces a potential decline if it fails to sustain its gains. #StockMarket #Investing #TechnicalAnalysis #US #IR
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Mapping the Market: S&P 500 may be gearing up for even more aggressive rally phase
May 7 (Reuters) - The U. S. stock market rally has gone into overdrive, fueled by AI optimism and euphoria over Iran-war peace hopes, which has brought the S&P 500 to the verge of an important set of technical analysis milestones that could signal an even more aggressive--but also potentially riskier--phase of gains.