After a swift correction, stocks appear to be back in rally mode. And according to MacNeil Curry, head of global technical strategy at Bank of America Merrill Lynch, fresh record highs in the S&P 500 are right around the corner.
"If you look at what we've seen transpire over the past month and a half, it looks just like a classic correction within the context of a larger bull trend," Curry said Tuesday on CNBC's "Futures Now." "So I think you have to keep your focus higher for a test and break of the September highs. It's likely we see all-time highs into year-end for the S&P."
The key, Curry says, is that while the S&P dropped just shy of 10 percent from the all-time high hit on Sept. 19 to the intraday low almost a month later, it didn't break below its bullish trend channel.