50-day high on 50-day low volume

Jason Goepfert
2020-06-01

The S&P 500 fund, SPY, closed at a 50-day high on Monday, with its lowest volume in 50 days. Trend has been volatile, and its 200-day average is almost perfectly flat. That's happened 11 other times in its history. It added to gains over the next month 4 times, falling back 7 times. Risk was higher than reward up to three months later. For those curious, the dates were 1994-08-30, 2005-11-25, 2006-05-09, 2008-04-21, 2008-04-28, 2010-08-09, 2010-10-11, 2015-04-24, 2016-03-21, 2019-04-02, and 2019-07-15.

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