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Need to Know: Rare bullish S&P 500 move that has occurred only 16 times in the past 70 years is flashing green

Investors could almost be forgiven for trade-war fatigue.

However, the persistent, tit-for-tat Sino-U.S. tariff dispute that has underpinned a recent bout of volatility in stocks may matter much less than Wall Street thinks, per our chart of the day, provided by Chris Ciovacco, founder and chief executive officer of Ciovacco Capital Management.

In an interview with MarketWatch, Ciovacco shared the below chart revealing an unusual technical move that points to two years of gains for the S&P 500. He refers to it as a “rare intermediate shift” in S&P 500 momentum that has only been seen 16 prior times in the last 70 years.

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