Courtesy of Doug Short.
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The lower section of the chart below measures five-year rolling performance of the S&P 500. This great chart comes from Shortsideoflong.com.
In the past 50-years, five-year rallies of 170% or more have only taken place in 1987 and 2000.
Joe Friday: “The five-year rolling performance is hitting this line for the third time in 50 years at the same time it is hitting some resistance lines tied to key price points dating back 30 years.”
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