Almost one full year has gone by since we posted that our Simple Rule has flashed a bullish signal. And the 11 months since this post have strongly supported the signal. The S&P 500 has soared since that time, setting all-time record highs in almost every month since late 2020.
Today, the signal remains intact. While the fundamental portion of the Simple Rule is still showing a bearish signal (mostly due to the employment data in the US), the Simply Rule’s technical signal does not confirm the bearish fundamental signal. Instead, the technical signal in our Simple Rule is still firmly bullish.
So we remain bullish on the S&P 500.