The veteran detection reveals the goal of the S&P 500, which originally extends to thestreeet.
While flirting with the stock market again with record levels, investors want to know whether their wallets can continue to climb the ideal wall or whether the last gains were for a last party before the main risks begin and the next contraction begins.
It is a fair question in a market that has led to a large extent for analysts’ expectations only if you measure the diagnosis of the starting and end points.
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Many analysts expected that the market would be near peak levels by mid -year, but no one was calling for the rugged ride that the stock market has already witnessed.
The rolling ship in the S& P 500 this year has left many of their heads, and wondering what may happen after that. Many people in Wall Street renew the S&P 500 goals, including technical analysts who have recently participated in their updated expectations.
Technical analysts see reasons for the continuation of the S&P 500 in the assembly in 2025.boomberg & Sol; Getty Images
The Standard & Poor’s 500 2025 index entered 5,868 and reached its climax on February 19 at 6,144; Then he moved to almost all this gain by the time when April is going on. But after the so-called “Liberation Day” called president Trump-when he announced overwhelming tariff plans that shook the markets-the index lost another 15 % in days, and put the lowest new level on April 8 in 4982.
Then the market started grinding its way; A month after liberation day, on May 2, he regained the full measure of the decline caused by the declaration of customs tariffs. By May 13, the S&P 500 was in a positive area for this year.
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Since then, it has a higher land, 6000 crossing on June 6; It was – and recorded 6,144 – is the place where many market monitors expected to see the resistance, as the market that failed to penetrate it, and may return to its lowest level in April.
Although news events do not become part of the S&P 500 scheme until they appear in prices, they deal with what market technicians believe can happen after that. Technical analysts can cite legitimate concerns about potential economic slowdown, sticky inflation, unconfirmed tariff policies, geopolitical tensions around the world and more.
These main headlines put a shadow on the market, which includes market technicians looking for a penetration to confirm that the last back is not just gathering in the bear market.
Two prominent technical analysts have made clear that they expect the gathering to retain, with a new record on any day now.
Adam Teresuet, the chief technical strategy of the LPL Financial, says investors see the chaotic economic background and the number does not lead to the high levels of its new levels.
Focus on technologies and relying on history, however, Turnquist says that a different image appears.
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For beginners, the bottoms are a process that strikes the market with its lowest levels and then tests it over and over again, but the recession was in April in the form of V, very slope and fast, but with a solid bounce and not to retreat.
There is a reason to believe in the upward trend, says Turnquist. In an interview about “Money Life With Chuck Jaffe”, Turnquist pointed out that LPL research shows that over the past 75 years, when there are three new months meaning after the last elevation has been set, momentum tends to maintain the trader, and that the average return of the index over the next 12 months is approximately 10 percent.
“We cannot bear fruit the fact that we have a lot of commercial uncertainty,” Ternist said. “Yes, we have exceeded the uncertainty in the peak policy when it comes to trade, but it is still very high, there is still a lot of main risks. We are also talking about the deficit. There is a danger there.”
Turnquist said that if the market is struggling to penetrate new levels, many analysts will ask for a double top and expect to return to the level of at least 5400 on the S&P 500. This is a 50 % alternative in the assembly, and interferes with some low last September.
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For this reason, Turnquist expects the market to find “the meeting of support around these levels”, but this is not the step it calls. Instead, this is called “the market where you want to buy declines and not sell rupture at the present time.”
He is not the only technical analyst who expects that new mixture. Matt Fox, president of Ethaka wealth, said in an interview with him in the June 17 edition of Money Life.
He now has a 7,000 -goal on the S&P 500, which means approximately 20 % in the next 12 months.
“The momentum was strong, and we saw a lot of great participation in the sectors,” said Fox. “It is not just a handful of stocks that prompted this recovery from the lowest levels of April.
Fox said that the current graphs are particularly strong, noting that he sees many cup patterns and treatment that indicate stocks about to collapse.
“It seems that we are in this beautiful place where the plans are completely lining up with the improvement of the basics, and this may lead to some explosive moves,” Fox said, noting that the conditions he sees in the current plans remember him in 2013, a year in which S&P has gained approximately 33 %.
“This reminds us of that,” he said. “I am worried about going out as very bullish, but I think it is difficult not to be based on the market.”
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The veteran veteran reveals the goal of the S&P 500, which first appeared on Thestreet on June 22, 2025
This story was originally reported by Thestreet on June 22, 2025, when it first appeared.
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