Stock-market timing guru Tom Demark says S&P 500 will see 3,500 before peaking

Tom DeMark says that the S&P 500 index has more room to run up, according to a report from Bloomberg News on Tuesday.

The technical analyst and market timer says that the broad-market stock index is likely to touch 3,500 as the overall stock market attempts to play catch up with the blistering pace of gains in the Nasdaq Composite Index, which has set 28 record highs in 2020, while the Dow Jones Industrial Average and S&P 500 have yet to register a record since their respective peaks around mid February.

Such a rally would see the S&P 500 rise by another roughly 8% before DeMark predicts that the coronavirus rebound for equities hits a crescendo.
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