As the S&P 500 (^GSPC) marked its two-year anniversary of a bull market, Mark Newton, Fundstrat Global Advisors managing director and global head of technical strategy, joins Market Domination to discuss what lies ahead for the index.

"The market's been incredibly resilient during normally a very choppy seasonal time where markets historically have gone lower during election years. And so we've managed to really absorb a lot of this bad news, whether it be because of fear about the election or geopolitical risk increasing overseas, and really has continued to push higher," he tells Yahoo Finance.

He argues that between now and next spring, the market will remain in "great shape." However, he has near-term concerns, citing seasonality and slowing tech growth. He adds, "When you look at things like the put-to-call ratio on equities, it's gotten down under 0.5 earlier this week. That's generally not a good sign in the short term for equities. It means investors and/or speculators are buying two times as many calls per put."

Newton points to the volatility index (^VIX) being at a "very high level," and explains, "I do think that a lot of investors are hedging for the potential of something bad happening. I don't know that I can say people are truly all that bearish. So I think if anything, they've come to respect the rally."

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This post was written by Melanie Riehl