All Ords Index (XAO) - 7 consecutive up days in conjunction with a 250-day closing high points to higher ground

All Ords Index (XAO) - 7 consecutive up days in conjunction with a 250-day closing high points to higher ground. On Friday, the All Ordinaries Index closed up for the 7th consecutive day in conjunction with a 250-day closing high (approximately 1 year maximum closing level). This type of upward momentum is usually followed by more upside. Since 1980, 20-days following this particular setup, the All Ordinaries Index provided an average increase of 2.22% with a win rate of 70%. Interestingly, 15 of the 31 observations deliver a 20-day return of greater than 2.5%. Full data analysis & tables can be viewed at (VIEW LINK)