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S&P breaks key level—but it usually rises afterward

The S&P 500 broke through its 200-day moving average on Monday, but if past history is any indicator, that might actually be a bullish sign in the short term.

Year-Month
S&P 500 % Change
1-Month 2-Months 3-Months
12-Nov 3.53 7.14 10.39
12-Jun 3.01 6.01 8.9
11-Dec 4.22 8.13 11.11
11-Dec 4 7.76 10.41
11-Nov -3.26 0.15 5.8
11-Oct -9.8 -1.49 2.47
10-Sep 5.01 6.89 10.57
10-Aug -3.18 1.81 6.01
10-Jul -6.08 3.02 6.33
10-Jun -1.68 -3.23 0.88
9-May 0.88 6.09 11.94
8-May -5.87 -11.63 -11.21
7-Dec -9.65 -9.58 -9.79
7-Dec -6.35 -12 -13.47
7-Sep 5.64 -1.21 0.42
7-Aug 3.58 5.11 0.49
7-Aug 4.3 5.28 0.41
7-Aug 4.21 2.89 -3.23
7-Aug 0.74 6.13 3.58
6-Aug 2.67 6.23 8.63
6-Jul 1.82 4.74 7.73
6-Jul 2.07 4.53 8.93
6-Jun 0.45 2.47 4.95
6-May 0.01 0.52 2.66
6-May -2.23 -0.31 1.74
5-Oct 3.52 3.42 6.05
5-May 3.88 5.34 4.6
5-May 3.63 2.78 7.05
5-Apr 2.4 2.54 5.76
5-Apr 2.53 4.63 5.78
4-Oct 5.09 7.07 4.37
4-Oct -0.09 5.29 7.11
4-Sep 0.83 4 4.97
4-Sep 1.18 1.09 6.44
4-Jul -0.93 1.22 -0.45
Avg 0.57 2.37 3.95
PctPos 69 80 86

The S&P 500 is positive 69 percent of the time one month after breaking through that average, according to Morningstar data. Three months out, it is up 86 percent of the time.

—Data by CNBC's Pradip Sigdyal