Analyst predicts S&P 500 to reach 6,750 all-time high

S&P 500 Rally Outlook Remains Positive Despite Short-Term Correction

Technical indicators suggest the S&P 500 may extend its rally, targeting 6,750 in the medium term.
As of the latest update, the index is at 6,427, down 0.36% for the day but up 9.5% year-to-date.
Despite the recent pullback, the S&P 500 is within a three-month upward channel.
The index is above its four-hour 50-period moving average, which has historically provided support.
A stronger support level is identified at the 200-period moving average, marking a higher low on August 1.
The bullish trend initiated from August remains intact, with previous gains of 8.8% suggesting a potential rise to 6,750.
Investors are debating the sustainability of U.S. stocks’ record run amid concerns over inflation, interest rates, and Federal Reserve policy.
Analysts indicate that maintaining positions above the 50- and 200-day moving averages is crucial for continued upward momentum.
Recent bullish projections include Morgan Stanley at 7,200 by mid-2026 and Oppenheimer raising its year-end target to 7,100.
Risks such as insider selling and global deflation could impact momentum despite the positive outlook.
The S&P 500’s future performance will depend on its ability to maintain key support levels amidst ongoing economic uncertainties.