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The S&P’s recent trading range action has triggered a bullish longer-term signal. Over the last thirty occurrences of this price pattern dating back to 1995, the S&P was up 27 times (90%), down 3 times six months later. Average gain of 8.5% was four times the 2% average loss. 5% moves were 19-0…

SPX 10-day Range Study (first occurrence in a month)
07/02/24… SPX ???
12/06/23… SPX +17.5% six months later
08/05/21… SPX +1.1% six months later
06/17/21… SPX +11.6% six months later
01/06/20… SPX -3.1% six months later
07/23/19… SPX +10.5% six months later
10/02/18… SPX -1.5% six months later
05/23/18… SPX -3.3% six months later
12/29/17… SPX +2.0% six months later
09/22/17… SPX +6.3% six months later
07/28/17… SPX +15.4% six months later
05/05/17… SPX +7.5% six months later
03/16/17… SPX +4.8% six months later
12/05/16… SPX +10.4% six months later
10/27/16… SPX +12.0% six months later
07/26/16… SPX +6.0% six months later
12/05/14… SPX +0.2% six months later
09/04/14… SPX +3.7% six months later
01/07/14… SPX +7.3% six months later
07/30/13… SPX +5.2% six months later
02/07/13… SPX +12.5% six months later
09/05/12… SPX +10.0% six months later
08/29/06… SPX +6.4% six months later
03/02/06… SPX +1.2% six months later
07/27/05… SPX +3.0% six months later
06/09/05… SPX +4.7% six months later
09/17/04… SPX +5.4% six months later
08/16/96… SPX +21.5% six months later
08/28/95… SPX +15.8% six months later
02/17/95… SPX +16.0% six months later
01/03/95… SPX +19.2% six months later

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