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Chris Ciovacco highlights that, based on historical data, the average additional S&P 500 gain over the next year was 30 percent, with all historical cases showing higher performance.
The observation reflects a strong consistency in past trends when certain criteria were met.
Ciovacco has recently tracked sector performance shifts, noting tech stocks attempting to break a downtrend against the S&P 500 as daily cloud signals showed improvement. He has also examined whether the current stock rally can persist in light of recent chart studies. These observations provide context for his latest outlook based on historical S&P 500 trends.