Wall Street Veteran Milton Berg: S&P 500 Rally Has Begun

JST fell 1.9% in the last 24 hours, and its 20‑period simple moving average (SMA20) remains below the 50‑period SMA (SMA50), still signaling a downward trend. However, the relative strength index (RSI) is around 52, indicating it is not in an oversold zone. Consequently, a modest rebound is expected within 1–3 days, but a significant move should not be anticipated.

Milton Berg’s declaration that the S&P 500 has begun to rise is generating a positive mood in the markets. Technical indicators also signal an uptrend: the price is above both the SMA20 and SMA50, the MACD is above its signal line, and the RSI sits at 63.5—close to the over‑bought zone but not yet there. A modest uptick could be expected within one to three days, though increased volatility may also occur. Investors are advised to monitor closely for short‑term profit opportunities, while emphasizing risk management and stop‑loss levels during this period.

Milton Berg's bullish prediction for the S&P 500 increases the likelihood of a similar move in the Nasdaq 100. A 24-hour gain of 2.92% and the SMA20 crossing above the SMA50 signal strong short-term upward momentum. However, with the RSI at 71, indicating overbought conditions, a short-term correction is possible. The MACD remaining above its signal line supports continued momentum. Overall, the NDX is likely to trend higher over the next 1-3 days, though attention should be paid to the risk of a short-term pullback.