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Monday marked the fourth consecutive day of lower lows for the S&P500, yet by the end of the day the index stood at a new high. When stocks bounce back that fast, the rally tends to stick short-term. Below is every instance since 1990 in which the SPX posted four consecutive lower lows and also a close above its seven-day-ago close. Over 22 occurrences, the S&P was up 19 times, down 3 times one week later. Average gain was 1.5%. 1% moves were 12-1…

SPX Four Lower Lows, Close > Seven-Day Ago Close
01/03/2022… SPX
06/26/2019… SPX +2.8% one week later
09/05/2018… SPX +0.1% one week later
03/09/2017… SPX +0.7% one week later
06/26/2014… SPX +1.4% one week later
03/12/2014… SPX -0.4% one week later
08/24/2012… SPX -0.3% one week later
07/10/2012… SPX +1.7% one week later
07/20/2010… SPX +2.8% one week later
05/09/2008… SPX +2.7% one week later
05/08/2008… SPX +1.9% one week later
03/31/2008… SPX +3.8% one week later
08/10/2006… SPX +2.0% one week later
04/29/2005… SPX +1.3% one week later
12/09/2004… SPX +1.2% one week later
12/12/2001… SPX +1.1% one week later
11/12/1998… SPX +3.1% one week later
06/12/1998… SPX +0.2% one week later
05/08/1998… SPX +0.1% one week later
01/23/1995… SPX +0.6% one week later
10/22/1993… SPX +1.0% one week later
05/08/1991… SPX -2.6% one week later
03/14/1990… SPX +0.9% one week later

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