S&P 500 Flashes Rare Pattern Amid Market Uncertainty

The S&P 500 exhibited a rare technical pattern in April, plunging over 10% before rebounding to close within 2% of its starting level. Historical data from Subu Trade shows this signal has only appeared five times since 1926—each preceding a deeper correction averaging 15% within a year. As of May 6, the index sits at 5,650 points, ending a nine-session winning streak—its longest in two decades—while remaining down nearly 4% year-to-date.

Market interpretation remains divided. The pattern’s last occurrence in 1938 happened under vastly different economic conditions, complicating modern comparisons. Meanwhile, cryptocurrency markets show no direct correlation to this equity signal, with Bitcoin and major altcoins continuing to trade on their own macro and adoption-driven narratives.