During the US holiday period, the US stock market showed an interesting divergence. On the eve of the holiday, the S&P 500 hit a record high, and overall market sentiment was relatively warm. The US stock indices are likely to complete a technical correction gradually along the rotation pattern of MAG7. The key change occurred in these days—when ETF trading halted during the holiday, the main selling pressure and negative sentiment in the market eased. In other words, the core force suppressing the index during this period was the continuous outflow from ETFs. Now that this force has temporarily diminished, it has given the stock market room to breathe and rebound.