Chart Talks: Is the S&P 500 bull market coming?

1) What do you think the S&P 500’s break above 4200 signals?
A break above the S&P 500's resistance level of 4,200 is regarded as a positive signal. It signals a possible shift in sentiment and suggests that buyers have taken control, potentially leading to more market upward action and are eager to push the index higher. However, there are no certainties about future market moves. A shift in sentiment characterised the recent surge in equities, especially the S&P 500, as one of the most ...

Hi Moo Moo Community, recent S&P 500 break above signify a change in the stock market sentiment. Possible temporary bearish market in the next few months. However, with time, market will adjust and balance out with year end optimistic position for S&P 500.

Strictly from TA alone it is indicating we may head lower. There is mild bearish divergence forming near key resistance, which was preceded by hidden bullish divergence, all on the weekly time-frame. This, all near strong resistance, would indicate the bear market is not yet over. On the other hand, from a fundamental standpoint any time that the overall market has been up this much since its low there is typically much more upside for the rest of the year. Any number of fundamental catalysts (l...

If the S&P can hold support while making higher highs then the likelihood of continuing to the upside looks promising. I would say a major factor to watch is inflation plus CPI data which could turn the market around if we get told by the feds of higher than expected numbers.

I think the stock market has entered into a new bull market, with the bottom made in last October. It is following a late 1990’s playbook, with AI now replacing the commercialization of the internet back then. The narratives and investor enthusiasm as well as valuations all resemble what was like back then. Psychological hurdles like 4200 4300 and 4400 will be broken, perhaps after a pullback around the debt ceiling “crisis” near term. My year end target for the S&P 500 is 4500...