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S&P 500: The New High Fits The Trendline

By Seeking Alpha April 16, 2026 Bullish
S&P 500: The New High Fits The Trendline
The S&P 500 hit 7,000 on April 15th, validating a greedy call made at what looked like peak fear in late March. Technically, the March correction did something useful: it reset the index back toward the middle of its long-term channel rather than the top.
The S&P 500 hit 7,000 on April 15th, validating a greedy call made at what looked like peak fear in late March. Technically, the March correction did something useful: it reset the index back toward the middle of its long-term channel rather than the top.