Typically September and October have been the best performing months in the history of the stock market. Why? Many believe it is because the big money is back from the hiatus of the summer months.
Whatever the case history is history, and, if this year follows the trend, then the markets should be testing current 52-week highs over the next couple of weeks.
From a technical analysis standpoint, all major indices are showing a pretty prominent inverse head and shoulders pattern with price targets either matching or surpassing current highs over the last year.
Dow
S&P 500
Nasdaq
What you think? Will the markets test current 52-week highs in the coming months?
More on this topic
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S&P 500 Chart – The Art of Technical Analysis
(My Trader's Journal, 1/22/12)
Technical Analysis: How Will That Stock Move?
(Investing School, 1/11/12)
Dollar Bull Trend Likely Over
(Comments for thetechnicaltake, 1/13/12)