When $SPX has a 3-day pullback for the 1st time in over 2 months…

Friday on X (Twitter) I noted that the 3-day pullback for SPX would be the 1st one since early January. SPX had gone 48 days since the last time it had a 3-day pullback. I looked back at other times SPX went at least 2 months without a 3-day pullback, and examined performance after it finally arrived. This can be seen in the table below.

Performance after the 1st 3-day losing streak in over 2 months for SPX

Results over the next 1-5 days are compelling, and suggest a strong bullish tendency. Traders may want to keep this in mind when setting their short-term market bias.