Renowned technical analyst Demark: S&P 500 index rally will end US stocks fear of entering bear market

Senior technical analyst Tom Dimmock said that the U.S. stock market may fall again in the coming months and ultimately enter a bear market. Dimmock accurately predicted the market high in February and low in April this year, and he is highly regarded in the industry, having provided advice to billionaire investors such as Paul Tudor Jones, Leon Cooperman, and Steve Cohen. Currently, a series of technical indicators, sentiment changes, and cyclical models are issuing warnings, indicating that the S&P 500 index may fall below the intra-year low of 4835 points set in early April. This would mean that the index has fallen by more than 20% from its high in February, entering a technical bear market. "The top is imminent, and the technical aspect has been severely damaged," Dimmock said in a phone interview. "The current market is extremely fragile, and if there is any rapid change in global trade prospects, the stock market may suffer heavy losses."