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Tuesday, March 02, 2021 5:52:35 PM
S&P 500 Seasonal Pattern Suggests Weakness Likely Ending Soon
By: Almanac Trader | March 2, 2021
In the above chart we have plotted five different S&P 500 seasonal patterns along side 2021 through today’s close. “All Years 1949-2020” and “All Years 1988-2020” represent longer-term and mid-term baseline patterns. “All Post-Election Years” includes every year that was a post-presidential-election year regardless of outcome. “1St Year Democratic President” applies to this post-election year and so does “Post-Election Year After Incumbent Party Loss.”
When comparing 2021 to these various past seasonal patterns, this year’s performance is above average, and the S&P 500 is currently experiencing some of the weakness present in the other five patterns. Historical weakness (shaded in light blue) is most visible in the three post-election year patterns in February lasting until early to mid-March depending on the post-election year pattern. All three historical post-election year patterns suggest that current weakness could be ending soon.
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DiscoverGold
By: Almanac Trader | March 2, 2021
In the above chart we have plotted five different S&P 500 seasonal patterns along side 2021 through today’s close. “All Years 1949-2020” and “All Years 1988-2020” represent longer-term and mid-term baseline patterns. “All Post-Election Years” includes every year that was a post-presidential-election year regardless of outcome. “1St Year Democratic President” applies to this post-election year and so does “Post-Election Year After Incumbent Party Loss.”
When comparing 2021 to these various past seasonal patterns, this year’s performance is above average, and the S&P 500 is currently experiencing some of the weakness present in the other five patterns. Historical weakness (shaded in light blue) is most visible in the three post-election year patterns in February lasting until early to mid-March depending on the post-election year pattern. All three historical post-election year patterns suggest that current weakness could be ending soon.
Read Full Story »»»
DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
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