S&P500 is consolidating prior to a new all-time-highSPX500BLACKBULL:US500Stanislav_Bernukhov_ExnessThe “sell America” narrative had stepped back from the agenda, but tech stocks underperform compared to financial and industrial stocks. Dow Jones and S&P 500 now lead the rally, as defensive and energy stocks are getting back in play, after the escalation around the US-Venezuela conflict. S&P 500 lags behind DAX, though, and it might accelerate a bit as military, energy and defensive stock may drive the rally. Other than that, starting from January 12, a number of large financial companies will post their earnings, such as JPMorganChase, Bank of America, Wells Fargo and BlackRock. The published reports will show the overall trend for corporate profits and may, along with the US CPI report, define the further direction of US indices. If the S&P500 starts the week in the green, probabilities of continuation would increase, whereas the current situation looks rather neutral. I’d expect it to move in a plateau and accelerate a bit later within the week, as the more data will come in (US inflation, corporate profits) Don't forget - this is just the idea, always do your own research and never forget to manage your risk!