Reported 4 days ago
The S&P 500 index recently rebounded over 2% after falling into correction territory, but technical analysis indicates bearish trends. Despite these signals, analyst Jay Kaeppel suggests that investors can start looking for buy signals, as the current Panic/Euphoria model shows early signs of a possible bounce back. Although the S&P 500 is still down 8.27% from its 52-week high, Kaeppel's analysis implies a potential for gains following a period of excessive pessimism.
Source: YAHOO