The $SPX has been trading above its 50-day simple moving average for 81 days. For the past 20 years, prolonged periods above the 50-day SMA have led to a month of negative average returns, followed by notably improving returns. Backtest in comments 👇.

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Bullish breadth expansion under way, and many more great insights 👇. Thanks @Callum_Thomas!.

The $SPX is down 5 days in a row. Based on the past 10 years, the index was higher 95% of the time during the following 5 days. The average return at the end of the 5 days was over 1%. $SPY #StockMarket .

$SPX golden cross in progress. .

The 10-year backtest shows slightly positive average returns during the 5 days following the $SPX closing at an all-time high. $SPY.

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Healthy pullback or lower high. ?.

The backtest:.

The percentage of $SPX stocks at 5-day lows just hit 70%, well above its average value of 25%. The 10-year backtest shows positive average returns during the following 5 days. The index was higher 88% of the time during those days. $SPY $VOO $XSP.

The $VIX crossed below 20 today, for the first time in 30 trading days (6 weeks). The 10-year backtest shows positive average returns for the $SPX over the 3 months following the $VIX crossing below 20.

For the first time in over 2 months, the $SPX is now higher than it was a month ago. History shows positive average returns over the following month, whenever the index crosses back above its level a month ago. $SPY.

The $SPX is up for 9 days in a row, which hasn't happened in over 20 years. Since 1957, this happened only 24 times. The 68-year backtest shows positive average returns during the following 5 days.

Broad $SPX sector participation.

The $SPX closed above its downwards trending 50-day moving average for the first time in over 2 months today. Over the past 10 years, whenever the index crossed above a downwards trending 50-day MA, average returns were positive a month later.

Promising technicals, but. Thanks, @Callum_Thomas.

Debating the Death Cross, and much more. Thank you, @Callum_Thomas!.

The $SPX has seen negative monthly returns for 39 days straight. Interestingly, in 2016 and 2022, the market bottomed when monthly returns were negative for 40 days. Average returns a month later were 6.10%. Backtest in comments.