S&P500 closed 9 straight green weeks for the 3rd time since 2009S&P 500 IndexTVC:SPXTradingShotThe S&P500 index (SPX) completed on Friday 9 straight green 1W candles on a remarkable 2 month turnaround following the March Low. This is the market's 3rd such rally since the March 2009 bottom of the U.S. Housing Crisis. It has to be mentioned that SPX never made more than 9 straight green weeks these past 17 years. There three 9 week rallies have been the biggest green streaks it had so far. So the ones before the current one, have been from October 30 to December 26 2023 and from December 24 2018 to February 19 2019. The last one has been almost as strong as the current one (19% against almost +21% currently) while the more recent was a little weaker (almost +16%). Both streaks posted minor pull-backs to their 1D MA50 (red trend-line) levels after with the 2019 one starting a volatile period with a few successive pull-backs, while the 2023 resumed its strong rally after. It has to be said that if we had to compare the current rally to one of the two, it had to be the more recent (2023), as both emerged from strong rebounds following corrections that marginally broke below the 1W MA50 (blue trend-line). This time, the 1W RSI is though already overbought and since 2020 on 8 such occurrences, the index corrected to at least its 1D MA50 almost immediately on all cases. It remains to be seen what happens this time, as strong A.I. investing sentiment clashes with still unresolved geopolitics, extremely high Oil prices and technicals that say the index hasn't touched its natural long-term Support, the 1W MA200 (orange trend-line) since October 2022. It has to be noted that both previous 9-week rallies took place either very close to it (2023) or exactly on it (2019). --- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** --- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇