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The market is historically undecided: The S&P 500 has closed within 2.5% of its 50-day moving average for 63 consecutive sessions, the longest streak since 2018. This also marks the 4th-longest stretch since the 2008 Financial Crisis. By comparison, the all-time high is ~105 trading sessions in 1994. Furthermore, the index has crossed its 50-day moving average 10 times over the last 50 trading sessions, the highest count since 2015. This means the index has repeatedly flipped between closing above and below this key level. The S&P 500 has been unable to find a clear direction over the last 3 months. Markets are primed for a big move.

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