S&P 500 Poised to Go to New Highs, BofA Merrill's Suttmeier Says

The video discusses the current state of the S&P 500, drawing parallels with past events like the Greek crisis, Brexit, and Trump's election. It highlights the market's resilience at the 40-week moving average and suggests potential support levels around 2800. The analysis includes a look at the VIX, indicating a shift from panic to calm, and emphasizes the importance of new 52-week highs for market breakthroughs.

What indicators suggest a potential bullish trend for the S&P in the near future?

What is the significance of new 52-week highs in the context of the S&P's performance?