S&P 500 Index - Persistence above the 20-day moving average suggests further Upside
Probability Trader
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S&P 500 Index - Persistence above the 20-day moving average suggests further Upside. We note that the S&P 500 Index has closed above its 20-day moving average for the 30th consecutive session. Historically, this type of upward trend persistence rarely encountered downward pressure over the next 10 to 40 trading days. Since 1980, the S&P 500 Index has produced 30 consecutive sessions above its 20-day moving average on 37 independent (non-overlapping) occasions. Surprisingly, the S&P 500 Index was higher 20-days later on 31 occasions (84% win rate) delivering an average return of 1.85%. Full data analysis & tables can be viewed at (VIEW LINK)
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Probability Trader
Quantitative Research Analyst
www.probabilitytrader.com
Probabilitytrader is an independent financial research group that provides objective analysis for traders of Global Stock Market Index CFDs, ETFs, Futures, and Options. Our forward looking analysis covers timeframes as short as 1-day to as long as...
Expertise
No areas of expertise
Probability Trader
Quantitative Research Analyst
www.probabilitytrader.com
Probabilitytrader is an independent financial research group that provides objective analysis for traders of Global Stock Market Index CFDs, ETFs, Futures, and Options. Our forward looking analysis covers timeframes as short as 1-day to as long as...
Expertise
No areas of expertise
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