Are new market highs back on the table?

Technical analyst Bob Lang joins TheStreet Pro portfolio manager Chris Versace in the latest episode of TheStreet Stocks & Markets podcast.

Transcript

00:00We're slightly below 5,900 right now on the S&P 500 and the all-time high around 6,150 is

00:08less than 5% away from the current levels. And, you know, I think that we've had some

00:16other signals, not just the MACD, but also in breath indicators. Cumulative volume breath,

00:21for instance, is a very important indicator that I follow to see if we can get to all-time highs.

00:27And that recently did hit an all-time high about a week and a half ago, sort of the middle of May.

00:35And what that tends to tell us is that when that indicator is at an all-time high, it's not too

00:41far down the road where the S&P 500 and maybe the NASDAQ as well, too, will also tag a new all-time

00:48high. It doesn't tell you when, it just says just be ready for it.