The $SPX has been moving in a tight range for the last six months. In December 2014 we closed at 2059, in March 2015 we closed at 2067, in June we closed at 2063. Quarterly data can take a lot of the weekly machinations of the market and make it look more normal. So the chart below shows a steady advance over the last 3 years with the close of every candle inside or above the body of the previous candle. Nicely defined uptrend. In one year we have moved from 1960 to 2063 so 5% over a 1 year span.