The S&P 500 Finally Broke Out of Its Oct. 10 Range. What History Says Happens Next.

Core Insights - The S&P 500 index has broken out of its previous trading range established on October 10, reaching a new intraday high of 6796, which is above the prior high of 6762.40 [2] - This breakout follows a streak of nine "Inside Days," which is the longest in at least 40 years, indicating a period of low volatility before the recent CPI rally [3] Market Performance - The S&P 500's increase of 0.9% marks a record closing high, reflecting strong market momentum following the CPI inflation report [2] - The index had not traded above the October 10 intraday high or below the day's intraday low of 6550.78 during the previous nine days [2]