Subject: Bullish signal state
Sarcastically, I'll say sell everything now.
The market breadth-behavior timing signals I have logged weekly since March 2019 are now reading +15.
In the 27 instances where that total of bullish indicators has been >= 10,
==> the SPY forward 1 month return has been negative 6 of those 27 times (22%)
==> the SPY average forward 1 month return has been 1.4%
==> the SPY forward 2 month return has never been negative; average return 4.1%
==> the SPY forward 3 month return has never been negative; average 3 mo return 5.2%.

Yes, this is only 5.5 years of weekly history. A short sample period.

The only times the bullish level was this high (my signals maximum) was mid-November '20 to mid-December '20.

FC