Technical strategist explains how S&P 500 could hit 7,300 in early 2026 [Yahoo! Finance]
Sea Limited American Depositary Shares, each representing one Class A Ordinary Share (SE)
Last sea limited american depositary shares, each representing one class a ordinary share earnings: 3/3 06:30 am
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Source: Yahoo! Finance
technical strategists, who say recent market action is aligning with a bullish roadmap. In a note to clients, analyst Rob Ginsberg highlighted that volatility has collapsed sharply. “Well, we did it. Down 22% since last Wednesday, the VIX went out at the lows for the year today,” he wrote. With volatility resetting, the firm argues the next catalyst will be whether the S&P 500 can clear overhead levels. If it does, Wolfe says “we should see the October 29th highs taken out, with this recent consolidation counting toward a $7,250–7,300 objective early next year as the tape attempts to digest and reverse the weekly MACD sell signals.” Bond markets are also said to be helping the bullish case. The analysts wrote that “Ten-year yields held channel support as this three-month base continues to build.” However, not every sector is participating. Wolfe flagged that “the housing complex continues to act heavy, sitting at multi-year lows on a relative basis as we exit the year.”
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