From Urban Carmel:   The S&P 500 Index is up 2% so far in August.  The month ends next week.  A close $2,816.00 would confirm the fifth monthly gain in a row.   Since 1975 the last 19 such instances all closed higher 12 months later by median 10%.

At the time of this post the SPX is trading at $2,865.00, just 9 points away from new all-time highs.