S&P 500 Weekly Golden Cross Signals a Secular Bull Market Target of 6,500
Investors are shifting from defensive cash positions and high-yield savings back into growth equities and tech-heavy ETFs. This movement is driven by a technical breakout in the S&P 500, where the 50-week moving average has crossed above the 200-week moving average on the weekly chart. This formation, known as a Golden Cross, is the first occurrence since the post-pandemic recovery. As of April 8, 2026, the index is trading firmly above previous psychological resistance levels. Technical analysts have raised year-end price targets for the S&P 500 to 6,500.
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