ITPM Flash provides insight into what professional traders are thinking about in the markets RIGHT NOW! In this episode, Raj Malhotra explains why the recent rally in the S&P 500 could still have legs, potentially reaching 7100+ by next May if history repeats. But the key, he argues, is breadth: a broad-based rally across sectors, not just large-cap tech. Raj highlights the RSP equal-weight ETF as the signal to watch and spotlights Deckers Outdoor (DECK)—parent of HOKA, UGG, and Teva—as a beaten-down small/mid-cap with strong fundamentals, margin expansion, and international growth. He outlines a calendar spread trade with asymmetric upside if DECK rallies as the market broadens.