70 Years of Market Data Says the Strongest Bullish Signal Since 2025 Just Triggered w/ Milton Berg

Watch on YouTube ↗  |  April 23, 2026 at 14:45  |  45:21  |  Milk Road Daily
Speakers
Milton Berg — Founder, MB Advisors

Summary

Milton Berg, a veteran technician with 70 years of market history, argues that the strongest bullish signal since 2025 just triggered. He is leveraged long equities including S&P 500, semiconductors, NASDAQ 100, and Russell 2000, projecting the S&P could reach 8,400-8,800 within a year. He dismisses valuation fears and focuses on rare technical patterns and historical precedents.

  • Milton Berg is highly bullish on US equities after a series of rare technical signals triggered in April 2026.
  • He highlights four up gaps off the March low, a 1-year high 12 days after a 9% decline, and strong momentum in the SOX and Russell 2000.
  • Berg's retail model is 100% long S&P 500 since April 10th; institutions are leveraged long across multiple sectors.
  • He expects minimal drawdowns and projects the S&P 500 to 8,400-8,800 within a year, well above street estimates.
  • He argues that overvaluation alone does not cause bear markets; a catalyst like Fed tightening is required.
  • Berg previously shorted gold and silver near the top and has since covered; he now holds a small tactical long in GDX.
  • He explains his methodology of analyzing turning points since 1957, looking for aberrations like record volume or extreme upside/downside volume.
  • The host John Gillan provides framing and discussion, but the investment ideas are solely those of Milton Berg.
Trade Ideas
Milton Berg Founder, MB Advisors 1:37
S&P 500 bullish with strong historical signals
The S&P 500 is in a strong bullish uptrend supported by multiple rare technical indicators: four upside gaps off the March low, an unprecedented 1-year high just 12 days after a 9% decline, and historical signals that project to 8,400-8,800 within a year. The correction ended in March and the bull market that began in April 2025 is resuming. Institutions are leveraged long and retail accounts have been 100% long since April 10th.
Milton Berg Founder, MB Advisors 2:31
Semiconductors leading with strong momentum
The Philadelphia Semiconductor Index (SOX) is leading the market higher with a 38.82% gain since March lows, five upside gaps, and an impulsive breakout gap. The momentum is very strong and the sector is a core long for institutional portfolios. The move is early in a long-term uptrend.
Milton Berg Founder, MB Advisors 2:43
Russell 2000 bullish on rare momentum signal
The Russell 2000 is a 25% position for institutions. A rare signal triggered: Russell up 8 out of 9 days with its greatest 10-day gain in 5 years, combined with S&P 500 at a new 30-day high. Historical precedents project a median gain of 32.8% over the next year, with minimal drawdowns. Small-cap strength confirms broad market participation.
Milton Berg Founder, MB Advisors 4:59
NASDAQ 100 bullish with impulsive gaps
The NASDAQ 100 (NDX) has rallied 17.55% from its March low with four impulsive gaps, a cycle date low, and a new all-time high. The double top from October/January proved to be a minor correction within a continuing bull market. Institutions hold a 40% overweight position in NDX.
Up Next

This Milk Road Daily video, published April 23, 2026, features Milton Berg discussing SPY, SOXX, IWM, QQQ. 4 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Milton Berg  · Tickers: SPY, SOXX, IWM, QQQ