The S&P revisited its 200-day MA in the second half (2H) of the year in 21 out the 35 years in which the S&P did not close below its 200-day MA during the first half of the year. In other words, statistically there is a 60% chance that the S&P will catch down to its 200DMA (SPX 3,863) which at last check is about 17% lower than the spot price in the index, which just hit a new all time high at 4,362.
Note
Guess I was a little early...
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.