Make that two out of the Big Four
The S&P 500 has joined the Nasdaq Composite as two of the "big four" equity indexes above their 200-day averages. Since 1979, there have only been 3 other times those two indexes led out of a decline, with both the Dow Industrials and Russell 2000 still below their averages. Those were 1991-01-28, 1992-10-26, and 1998-10-30. All three dates led to higher prices for the S&P across every time frame, averaging more than 11% over the next two months.