This Stock Market Indicator Has a Perfect Track Record. It Signals a Big Move in the S&P 500 Right Now.
The S&P 500 (SNPINDEX: ^GSPC) hit the low point of its previous bear market on Oct. 12, 2022. Looking back, investors now recognize that low point also marked the start of the current bull market. Since then, the index has climbed 43%, hitting record highs over the past two months.
While bull markets are defined by previous gains, they can also offer very reliable predictions too. For instance, following the onset of a new bull market, the S&P 500 has always increased in value during the next two years. In fact, history says the index could move much higher before reaching the bull market's two-year checkpoint in October.
The S&P 500 has stomped through 10 bull markets since it was expanded to include 500 stocks in Mar. 1957. The index returned an average of 184% during those events, and it realized those gains over an average of 5.4 years, or about 65 months.
Source Fool.com
