The S&P 500's chart is signaling a near-term pullback, technical analyst warns

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The S&P 500's chart is signaling a near-term pullback, technical analyst warns
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The S&P 500's chart is signaling a near-term pullback, technical analyst warns (via TradingNation)

that brought the major averages to record high after record high in recent weeks.

"We found the streak to be 30 days. That streak ended yesterday, but that is one of the longest streaks on record," O'Hara said. Steve Chiavarone, equity strategist, vice president and portfolio manager at Federated, said in the same interview that his research put his outlook in "a very similar place," albeit via "a different methodology."

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