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TFC Commodity Trading Forum

SPX Up For 11th Week in a Row Warning

Just came across a statistic that is interesting. Apparently 'last Friday May 2nd" was the 11 the Week 'in a row' where the SPX closed higher. Apparently this has only happened 10 times going back to the 1940's. All but 3 times the market sold off after when seen. Two other times price went up 13 weeks in a row and once went up 16 weeks in a row. Interesting statistic. As always draw your own conclusions. So far the markets have defied all the short sellers and has rallied back to roughly 1300 giving up very little along the way since late Dec. This is also close to a Bradley cycle date in mid March where tops or bottoms are made. If nothing else it's time to pay attention.