S&P Utilities New 1-year High & Bullish Price Pattern Analogs

The S&P Utilities Total Return Index Registers a NEW 1-year High

Study 1.

The recent surge in the S&P Utilities (Total Return) Index signals a potential continuation of momentum. Historically, the attainment of new 1-year highs (252 trading days) has often acted as a catalyst for continued strength, not only in Utilities but also in the broader SPX Index.

Study 2.

The second image below illustrates the 1-year historical patterns correlating most closely with the past 252 trading days. Analyzing the aggregate forward returns of patterns closely matching price paths suggests a bullish trajectory for Utilities, should historical trends recur. This observation implies potential upside momentum for the sector, aligning with historical trends and reinforcing a positive outlook for Utilities in the foreseeable future.

Overview: The Nautilus Analogs function is pattern recognition in its purest form. With its proprietary algorithm, Nautilus identifies predictive patterns in current price action by systematically comparing them to historical periods that led to exceptional returns.