WHAT IS NEXT AFTER THREE 1% IN A ROW RALLIES SIMILAR TO 2011? $SPY $SCO
The S&P 500 Index SPY, has just staged three days of 1%-plus gains. (The benchmark index is down 4 points Thursday.) The last time that happened was in 2011. So what happened five years ago after those increases? The stock market took off for significant gains. And what does that repeat mean for 2016? To answer that question, let’s explore the fundamentals and the technical. First, take a look at two annotated charts, one for 2016 and the other for 2011. Please click here for an annotated chart of 2016. Please click here for an annotated chart of 2011. Fundamentals