The S&P 500 has done something that has always been followed by an increase

US indices are at new record highs. But will we not see their further rise? The answer is YES, at least on the basis of something that happened at the S&P 500 index and was followed by a 100% increase in the index.
According to technical analyst Ryan Detrick, LPL Financial, every time the broad index has grown by more than 7.5%, it was at the end of the first 100 trading days of the year at higher values ​​from where the year began.
This condition was met on April 4th.
This trend has been in place for all 23 years, explored by Detrick. In other words, the index is likely to end the year at levels above 2 250 points. Where, however, it is not very clear.
He believes there is huge support for the broad index at 2 290 and 2 300 points, as commented by Bill Baruch, chief marketing strategist at iiTrader's. Below this level is the 200-day moving average of the S&P 500, at a current level of 2 250 points.
Experts recall that traditionally the indexes are rising at the end of the year so that even if we see a temporary correction and a fall in the index, it is likely that they will end the year at levels above 2,300 points.
Both Baruch and Gibbs, however, predict volatility may rise in the coming months.