S&P 500's impressive 4 month run
What a month it has been! The S&P 500 index has closed higher for the 4th consecutive month and as many on social media have noted, the S&P's monthly MACD has also turned positive with the month's last closing price.
When this happened in the past, it was a very positive sign for the S&P 500 over the upcoming year. The S&P tended to rally 100% of the time on many time frames.
Another event worth noticing is the S&P's massive 4 month Rate of Change. With the close of July, S&P's 4 month rate of change exceeded 25%.
Historically, this too was a bullish sign for the S&P on all time frames.