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The S&P 500 managed to re-take its 200-day moving average today after just one day below it, and this sets the stage for a fourth test of resistance at 2,818 in the coming days/weeks. In tonight’s Closer sent to Bespoke Institutional clients, we take a look at Monday gains of 1%+ for the S&P 500 over the last ten years and whether the upside momentum to start the week typically continues for the remainder of the week. We also provide a big update on analyst Buy, Sell, and Hold ratings and how analyst sentiment has changed since the S&P peaked nearly six months ago on September 21st.
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