This S&P 500 Number Could Signal the Beginning of a Bull Market

The Wall Street Bull (The Charging Bull) is seen during Covid-19 pandemic in Lower Manhattan, New York City, United States on May 26, 2020.

The Wall Street Bull (The Charging Bull) in Lower Manhattan, New York City, United States on May 26, 2020.

Tayfun Coskun | Anadolu Agency | Getty Images

The three major averages just came off their best month since 2020, but there’s been so much pain in the market this year that many people are hesitant to believe the worst is behind them.

Investors have been debating for weeks whether up moves in the market are the result of a temporary bounce or a more lasting bottom. BTIG says the bear case could be tested soon.

Subscribe to CNBC Pro to see what number the S&P 500 needs to hit to signal the worst is behind us.

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