The market has done this just 4 times in the last 20 years

Something rare and potentially very dangerous is happening in the market right now. And if history is any indication, it could spell short-term pain.

The S&P 500 has closed above its five-day moving average for 20 consecutive days. That has only happened just three times before in the last two decades.

Now, here’s the sad part: Four weeks after each of one those streaks came to an end, the S&P 500 was down, for an average loss of 3 percent. That’s according to a recent study by Jonathan Krinsky, chief market technician at MKM Partners.

What’s more, the S&P 500 has had just seven prior streaks above its five-day moving average lasting 18 days or more. And those, too, also averaged losses four and six weeks after ending.

http://finance.yahoo.com/blogs/talking-numbers/the-market-has-done-this-just-4-times-in-the-last-20-years-232157220.html