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The S&P 500 triggered a rare technical event today, gapping above both its 50D and 200D moving averages simultaneously.
This looked weird to me, so I did some digging.
Since 1950, this specific signal has occurred only four times. In every instance, the index faced significant pullbacks shortly after. The average three month drawdown following the signal is -9.51%, with the worst three month drawdown reaching -12.92% during 2018.
Historically this has always been an exhaustion gap rather than a sustainable rally.
Maybe this time is different.

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When I was in a right-wing bubble, I only knew Scott Wiener as a guy who was left wing on LGBT issues.
As it turns out, he's a sharp thinker with good ideas to address important issues, particularly housing. Watch my interview and give him a chance!
richardhanania.com/p/scott-wiener…
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@signulll @briannekimmel It’s not due to the internet moron, they’ve literally always valued looks. The only involvement of the internet is giving them a platform to say it.
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lmao i was not familiar with this term.
but i think now women value looks / height due to internet & insta presentation so much that i think these actually might come back.
if you search tiktok, a ton of women talk about how they want a gay guy but straight. incredibly interesting from a cultural perspective.
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@samolus @MyLordBebo Image generation and editing are currently limited to paying subscribers. You can subscribe to unlock these features: x.com/i/premium_sign…
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@elonmusk @nikitabier Let us download some number of hours of the timeline ahead of time and scroll on the plane without paying for WiFi. #FeatureRequest
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@TakeThiamine Do you guys think that Clavicular smokes his meth, or swallows it, or what?
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@polymarket I propose a new market: Lake Mead water levels by certain dates. This is the lake that supplies Las Vegas and has profound economic impact.
This is public information published by the Bureau of Reclamation: mead.uslakes.info/Level/
usbr.gov/lc/region/g400…

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@zarathustra5150 @Clavicular0 Low set cheekbones. Probably had bug eyes like Cilian Murphy.
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Hey @Clavicular0 — can we get a physiognomy check on what historians have called “the most competent man who ever lived”?
Zarathustra@zarathustra5150
The death mask of Napoleon This is the most accurate rendering of his *actual features that we have
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