The Standard & Poor’s 500 Index may advance about 4 percent this week before the gain ends, according to Tom DeMark, the creator of indicators meant to identify turning points in the price of securities. DeMark, whose prediction last month that the S&P 500’s decline would stop at 1,076 proved prescient when the index bottomed at 1,074.77, said the rally that lifted the benchmark as much as 14 percent since then will fizzle. The S&P 500 will rise as high as 1,254 before falling at least 5.6 percent, he wrote in an e-mail today.
Real Vision Academy : DeMARK Indicators
In early 2022, Raoul Pal and the team at Real Vision sat down with Tom DeMark (Founder and CEO of DeMARK®) to discuss his career,