1. A bullish breadth thrust signal for S&P 500 could indicate further gains. 2. Historical data shows a 100% success rate post-breadth thrust since 1939. 3. Current trading below 200-day average raises caution despite bullish signals. 4. Potential upward movement toward 6,000 if key resistance levels are broken. 5. IVV is positioned to follow S&P 500 trends amid strong market breadth.
Historically, breadth thrust signals have led to significant S&P 500 gains; thus, IVV may follow suit. Previous instances show returns averaging 17.1% to 21.3% after similar signals.
The article discusses a significant technical indicator that can influence market trends linked to IVV. It highlights potential for substantial gains which indicates a higher likelihood of price movement.
Past bullish breadth signals suggest sustained upward movements over several months. The S&P 500 has historically risen consistently following these patterns beyond the short-term.