Traders should take advantage of any dips in the market and buy, because the S&P 500 will probably hit 2,250 by late July or August, technician Mark Newton said Thursday.
He told CNBC's "Closing Bell" there are three reasons to be optimistic that equities will move higher.
First, there have been more signs of sector rotation into positive sectors like financials and technology that account for close to one-third of the S&P 500, said Newton, owner and technical analyst of Newton Advisors.
There has also been great breadth and momentum on the rally from February lows, he added.
Lastly, he said, sentiment continues to be very pessimistic.
"People are very discouraged. They didn't get to make the money on this recent rally," he said. "I think we're going to move at least a little bit higher to new highs into the summer."