NewsFeeder
Headline News
- Reaction score
- 4
Chart pinpoints level S&P 500 must break for sustainable rally: Bank of America
Bank of America-Merrill Lynch believes it's premature to call an end to the market correction. Although stocks on Friday closed out 5 straight weeks of gains , Stephen Suttmeier, the firm's chief equity technical strategist, is telling investors that stocks are still in the throes of a cyclical bear market . According to Suttmeier, the S&P 500 must break through its 40-week moving average for the trend to turn bullish.
https://finance.yahoo.com/m/8a4558f.../chart-pinpoints-level-s&p-500.html?.tsrc=rss
Bank of America-Merrill Lynch believes it's premature to call an end to the market correction. Although stocks on Friday closed out 5 straight weeks of gains , Stephen Suttmeier, the firm's chief equity technical strategist, is telling investors that stocks are still in the throes of a cyclical bear market . According to Suttmeier, the S&P 500 must break through its 40-week moving average for the trend to turn bullish.
https://finance.yahoo.com/m/8a4558f.../chart-pinpoints-level-s&p-500.html?.tsrc=rss
