The S&P 500 Is at Record Levels. But Some Analysts Aren't Ready to Celebrate a Breakout Yet

Source: International Business Times

While the S&P 500 traded around 7,700 on Tuesday, analysts say a sustainable breakout will require more than a brief move above resistance. Michael M. Santiago/Getty Images The S&P 500 has climbed back to record territory, but technical analysts on Wall Street say investors should resist declaring victory until the benchmark clears one critical hurdle of several decisive daily closes above a certain number.