After the S&P 500 fell 1.95% in the week of June 19-26, historical analysis identified the 25 closest matching weeks from the past 50 years, where that same period declined between 0.1% and 3.8%.
In every one of those 25 cases, the index rose over the following 19 days (June 26–July 15), averaging +3.33% gains. Most showed only minor pullbacks, and in 12 cases the June 26 low held as the bottom.
This pattern suggests a strong bullish tendency for the next couple of weeks based on history.
In every one of those 25 cases, the index rose over the following 19 days (June 26–July 15), averaging +3.33% gains. Most showed only minor pullbacks, and in 12 cases the June 26 low held as the bottom.
This pattern suggests a strong bullish tendency for the next couple of weeks based on history.
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