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Opinion: The S&P 500 now has most of what it needs to hit an all-time high - MarketWatch

1. S&P 500 struggles to break downtrend from February and May highs. 2. A close above 5,990 would signal a bullish sentiment towards 6,150. 3. Support exists between 5,700-5,800; filling gaps could signal bear market. 4. Mixed market internals, but bullish signals are present overall. 5. Cumulative volume breadth reaching new highs suggests potential for S&P 500 rally.

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FAQ

Why Bullish?

Current price resistance suggests potential for upward momentum, similar to past breakout scenarios.

How important is it?

The article highlights critical resistance levels that could guide market direction; bullish signals signal potential uptrend.

Why Short Term?

Recent price action indicates a focus on immediate resistance levels; potential breakout could occur soon.

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