$NVIDIA(NVDA)$ The S&P 500 was still up more than +19% over the last 45 trading days. After similar surges, the index was higher 1-month later in 12 of 13 cases, with a median gain of 4%. On the signal date, the S&P 500 closed at the all-time high of 7,609.
If only based on this study, there’s a 92% probability the S&P 500 will produce a new closing high as the month of July kicks into gear.
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