Is the bull market stable again? The S&P 500 has closed above the 20-day moving average for 60 consecutive days
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The S&P 500 has closed above the 20-day moving average for 60 consecutive days, the longest streak since 1998. This has occurred 4 times in the past 50 years, and each time the index has inevitably risen 3 months later, with an increase of 20% to 26% after one year. Ryan Detrick, Chief Market Strategist at Carson Group, stated that this is another clue that the current bull market is gaining traction
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