🟢The SPX just closed above its intra-day mid-point for the 10th in the last 13 trading sessions (a 77%-win rate).

🔴 Even more striking, this has happened right after the worst span of intra-day action over the last six months: From 3/4/24 through 4/19/23, the SPX closed above its mid-point just 41% of the time.

🟢 This was a distinct change of character from what occurred from the October low through March 1st when the index gained nearly +30%. During that persistent uptrend, the SPX finished well very often. How well? 77% of the time. Yes, the exact same rate as now.

From this perspective, the SPX is right back to where it was during the uptrend.