The S&P 500 has fully recovered after falling more than 20% below its long-term 200-day moving average. This is by far the fastest it has ever been able to make up such a negative deviation from its trend.; With a continued surge this week, the percentages of stocks within the S&P 500 and Russell 2000 have recovered from extremely depressed levels to extremely high ones. Other times these indexes have cycled from one extreme to the other preceded further gains in the indexes every time.

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