This momentum indicator says the S&P won’t peak until next year (NYSEARCA:SPY)

This momentum indicator says the S&P won’t peak until next year (NYSEARCA:SPY)

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Nov. 17, 2024 12:11 PM ETSPDR® S&P 500® ETF Belief (SPY), IVV, VOOAES, LNG, XLE, XLV, XLB, XLF, XLI, XLK, XLP, XLY, AMZN, KR, MGM, MCHP, EXPD, ADM, SHEL, SYK, ING, CSGP, IDXX, WELL, BX, CRH, DOV, META, PANW, XLRE, XLC, SP500, DOWBy: Kim Khan, SA Information Editor
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Trevor Williams

The month-to-month relative power index recommend the broader market will not see a high till 2025, in response to Oppenheimer.

“Momentum indicators additionally point out below-average market high threat for the approaching months,” technical analyst Ari Wald wrote in a word.

“Since 1936, the

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