Some technical analysts with a bearish bent also recognize the runes look favorable for the S&P 500 following the latest surge. For example BTIG’s Jonathan Krinsky says the benchmark index may challenge 5,000 early n 2024. But let’s not get carried away. Krinsky adds he doesn’t see another big upside…
Tag: consumer electronics
The stock market’s breakout is getting some major new support — for now
The stock market, as measured by the S&P 500 Index SPX, +0.11%, has been trying to break out above 4200 for some time, and it finally managed to do so last Friday. That breakout has held this week, so it is confirmed (so far). The problem is that there hasn’t…