BofA Technician Sees a ‘Three-Wave Correction’ in S&P 500 Index
Bloomberg 2026-06-29 18:08:00
Context: The head of technical research at Bank of America Corp. is warning investors to prepare for a potential "three-wave correction" in the S&P 500 Index within the next few months. This forecast is advising investors to hedge against any further rallies in the S&P 500. The warning suggests a possible downturn in the market.
Key Facts
- The head of technical research at Bank of America Corp. is predicting a potential "three-wave correction" in the S&P 500 Index in the next few months.
- Investors are being advised to hedge against any further rallies in the S&P 500 to brace for the potential correction.
- The forecast is specifically from the head of technical research at Bank of America Corp., implying a significant level of expertise in market analysis.