Ryan Detrick, CMT
@RyanDetrick
Easy to forget, but being bullish four years ago right now was openly laughed at in most cases. Look at these comments.
Ryan Detrick, CMT@RyanDetrick · Nov 30, 2022S&P 500 closed above the 200-day MA for first time in more than 7 months.
Looking at the previous 13 times (since '50) it was beneath this trendline for 6 mos or more and closed above showed only once did it move back to new lows.
Up avg 18.8% yr later and higher 12/13 times.
Looking at the previous 13 times (since '50) it was beneath this trendline for 6 mos or more and closed above showed only once did it move back to new lows.
Up avg 18.8% yr later and higher 12/13 times.
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