S&P 500 is 1.5% from ATH after nearly two months of sideways action
Seeking Alpha ·
The S&P 500 ( SP500 ) is now approaching two months since its last all-time trading high, having largely traded sideways through much of June and July. Despite the lack of clear directional momentum, the benchmark index maintains a relative bullish stance, positioned above
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The S&P 500 index is 1.5% away from its all-time high (ATH) after about two months of consolidation. Although a directionless market persisted through June and July, the index generally maintains a moderate bullish tone. Investors are watching the market, focusing on the formation of momentum for a breakout to further upside.
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- Index ETFs — The S&P 500 is 1.5% away from its all-time high and maintains solid upward momentum, which is positive for index-tracking products.
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