If the S&P doesn’t lose 1.6% on Monday, it will mark the fifth consecutive positive month, following the 4.2% loss in April.
Since 1950, this six-month pattern of one decline followed by five consecutive increases (Down-Up-Up-Up-Up-Up) has occurred 29 times. In 27 of those instances, the S&P was higher 12 months later, with an average gain of 12.8%.
Hurst Cycle Analysis for the S&P 500 and NASDAQ: An 80-day cycle low is expected to form in mid-October
— David Hickson, September 30, 2024.