S&P 500 Surges 13.5% Above 40-Week MA for 19th Time, Maintains Momentum for 21 Weeks

The S&P 500 ($SPX) has surged to at least 13.5% above its 40-week Moving Average (MA) for the 19th time. This trend has been observed historically in 1980 and 1987. The index has maintained this momentum for 21 consecutive weeks, with analysts suggesting limited signs of major market tops in the near future.