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S&P 500 1-month low within 3 days of 252-day high

Dean Christians
2021-05-12

Unless the market stages a massive rally in the final minutes of trading, the S&P 500 should close at a new 1-month low within three days of a 252-day high.

Let's assess potential forward returns when this pattern has occurred in the past.

CURRENT CHART

HOW THE SIGNAL PERFORMED

The results suggest some follow-through to the downside in the near term. The last column contains the max drawdown in the first 42 days. Based on the historical average, the market could drop another 3%. However, history favors buying the dip as the 2-3 month timeframe results look solid.

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Risk Disclosure: The information and tools provided are for research and analytical purposes only and are not intended as investment advice. Market analysis involves uncertainty, and outcomes may differ from expectations. Users should conduct their own due diligence and consider their individual circumstances before making any financial decisions. Past performance is not necessarily indicative of future results.

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