The S&P 500 has fallen below 5000, but that's to be expected if history is any indication. Bank of America's Steven Suttmeier says the index is on its way to new highs of up to 5600. Along the way, his charts say 8 ETFs are preparing for bullish moves upward as well. The S&P 500 recently became the S&P 5000, hitting a new all-time high only a few short weeks into the new year as the market's rally continued. The latest consumer-price inflation data put a damper on things, however, and the index returned below record levels.

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Persons: of America's Steven Suttmeier, SPX, Steven Suttmeier Organizations: of America's, Bank of America, Business