The Zhitong Finance App learned that Bank of America technical analysts insist on long-term gains and believe that the S&P 500 index is expected to rise above 8,000 points, even though a series of recent market and macro headwinds are testing investor confidence. After breaking through the weekly pennant pattern in early August, the benchmark index has successfully hit the Bank of America's previously set target of 7,741 points for the next year. Technical strategist Paul Ciana pointed out in the client report that as long as the index maintains a key support of 7,500 points, the broader upward trend will remain intact; as of press release, the index is around 7,620 points.

The Zhitong Finance App learned that Bank of America technical analysts insist on long-term gains and believe that the S&P 500 index is expected to rise above 8,000 points, even though a series of recent market and macro headwinds are testing investor confidence. After breaking through the weekly pennant pattern in early August, the benchmark index has successfully hit the Bank of America's previously set target of 7,741 points for the next year. Technical strategist Paul Ciana pointed out in the client report that as long as the index maintains a key support of 7,500 points, the broader upward trend will remain intact; as of press release, the index is around 7,620 points.