Thursday’s close found the S&P 500 sitting at a huge new high. I didn’t go back and count the days but it is something like a 1350 day new high. I’ve done a fair amount of research on this type of event. I’ve linked the relevant studies below.
S&P 500 Makes New 1276 Day High. What Happens the Next Year?
$SPY Makes a New 79 Day High. Next Up, a New 1267 Day High.
Huge New High, Can We Go Higher?
Evidence That $SPY Can Go Higher Still
The Lure..
I’m slightly apprehensive clicking on these links, Wood..
lol..no, they are safe. No hook setting will ensue…