The S&P 500 opened up strong and has built on those gains so far this morning. After gapping up over 1% at the open, the S&P 500 is currently trading up just under 2%% after the 90 minute mark. Since the S&P 500 first crossed 2,000 to the upside in the summer of 2014 and around the time when this long period of consolidation began there have been 36 prior days where the S&P 500 was up over 1% at 11 AM with 14 of those prior occurrences coming in 2016.
In today’s Chart of the Day, we looked at how the S&P 500 performed for the remainder of the day as well as the day and week after each of these prior occurrences. You can see today’s Chart of the Day by starting a 14-day free trial to Bespoke’s premium research below, and if you decide that the service isn’t for you, there is no obligation whatsoever.