Adam Turnquist, Chief Technical Strategist, LPL Financial explains why a pullback is likely and the exact S&P levels he’s watching for investors to step in.
00:00:00 Introduction
00:00:15 Market rally health check
00:01:14 Narrow vs broad leadership
00:02:01 Breadth and upside potential
00:03:03 Stay bullish or get cautious
00:03:54 Key downside levels
00:04:55 Upside beyond 7400
00:05:36 What’s driving higher targets
00:06:27 Tech valuations risk check
00:07:37 Biggest market headwind
00:08:46 Signs momentum is fading
00:09:34 Positioning into pullbacks
00:10:47 Opportunities outside tech
00:11:44 Stock-level strength vs weakness
00:12:55 Software chart warning signals
00:13:48 Rapid Fire: This or That
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Recorded: May 11, 2026
Camera: Julian Pinto & Shawn Elias
Producers: Caroline Woods & Rebecca Mezistrano
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