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.