The S&P 500 has now been above its 12 monthly moving average (i.e. 1 year) for 30 consecutive months. This is an extremely long time.
All good things must come to an end. So when will this?
This is what happens next to the S&P 500 (historically) when it spent 30 consecutive months above its 12-month moving average.
Click here to download the data in Excel
Conclusion
As you can see, this study suggests that:
This supports my case: bull market for rest of 2018, then a major top somewhere in the second half of 2019.
