Copyright reminder: The following research note is intended solely for the use of subscribers. Redistribution in whole or in part is strictly prohibited.

A bullish sign to see SPY close above its midpoint for an eighth consecutive session Monday. Over 30 separate occurrences since inception, SPY was higher one quarter later 27 times (90%). Average gain was 4%. 2% moves were 17-1…

SPY Closes above Midpoint Eight Consecutive Sessions
08/16/21… SPY ??? three months later
07/12/21… SPY +2.0% (open)
08/07/20… SPY +4.8% three months later
01/15/19… SPY +11.4% three months later
10/06/17… SPY +8.3% three months later
09/20/17… SPY +7.5% three months later
05/30/17… SPY +1.8% three months later
02/17/17… SPY +1.8% three months later
11/16/16… SPY +8.6% three months later
03/18/16… SPY +1.8% three months later
02/20/15… SPY +0.9% three months later
11/13/14… SPY +1.4% three months later
10/25/13… SPY +3.9% three months later
03/18/13… SPY +4.4% three months later
01/22/13… SPY +3.4% three months later
05/02/12… SPY -1.2% three months later
02/13/12… SPY +0.2% three months later
07/07/11… SPY -16.4% three months later
04/26/11… SPY -0.3% three months later
02/14/11… SPY +0.7% three months later
12/28/10… SPY +4.1% three months later
02/19/10… SPY +2.5% three months later
07/28/09… SPY +10.6% three months later
02/23/07… SPY +5.0% three months later
02/08/07… SPY +4.1% three months later
11/21/06… SPY +3.8% three months later
10/12/06… SPY +3.9% three months later
06/20/05… SPY +1.5% three months later
03/21/03… SPY +13.4% three months later
06/17/97… SPY +1.7% three months later
09/08/95… SPY +7.3% three months later
02/26/93… SPY +1.2% three months later

Copyright 2020 Yang Market Research - All Rights Reserved