Will The S&P 500 Get a 1% Drop This Week?
SOURCE FOR EVERYTHING IN THIS POST IS FROM SPYTRADER.NET
https://www.spytrader.net/single-post/2017/03/21/Will-The-SP-500-Get-a-1-Drop-This-Week
Above you will see there have only been 10 times in the history of the S&P 500 that it has went more then 100 days without a 1% drop. The longest time it has went was 154 days from March 1st 1963 to October 8th 1963. The Shortest time was 101 days there were two times this happened, from March 5th 1957 to July 26th 1957 and from December 18th 1957 to May 13th 1958. The average number of days was 121.
The largest percentage up was from March 1st 1963 to October 8th 1963 with 31.57%, the smallest percentage up was from June 6th 1967 to October 30th 1957, with the average gain being 14.79%.
DAYS CLOSING HIGH WAS HIT BEFORE 1% DROP
The longest time period the S&P 500 went from it's closing high to a 1% drop was 16 days and this happened two times, from November 26th 1963 to June 3rd 1963 and from June 6th 1967 to October 30th 1967. The shortest time was from October 25th 1960 to April 17th 1961 hitting it's high the day before the 1% drop. The average numbers of days was 8.
WHERE ARE WE NOW?
Here is were we stand, as of yesterday we were at 109 days without a 1% drop, the percent up was 11.99% at the last closing high on March 1st 2017, and the S&P 500 days closing high was 14 days ago on March 1st 2017. Everything here is well within the range of the other time periods. Will we get a 1% or greater drop this week? I don't know, but the S&P 500 historical data points towards yes. See our S&P 500 historical charts https://www.spytrader.net/charts
I have permission from https://www.spytrader.net/ to post this.
This is really interesting Thanks for sharing it
This post has been ranked within the top 80 most undervalued posts in the second half of Mar 21. We estimate that this post is undervalued by $4.81 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Mar 21 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.