S&P 400 MidCap Downtrend Replay (1994-03-18 to 1994-05-16)
Replay a real 1994 S&P 400 MidCap correction across 80 daily bars with a 10.8% drawdown. Step through authentic market days, face 11 decision points, and receive an AI coach review in a simulated, educational setting.
80 daily bars · 11 decision points · 1994-02 to 1994-06 · Stocks
Key facts
This window spans 117 days with a peak-to-trough drawdown of 10.8% and a 5.4% run-up.
- Max drawdown
- −10.8%
- Max run-up
- +5.4%
- Duration
- 117 days
- Largest single-day move
- +2.6%
- Bars
- 80 Daily bars
- Decision points
- 11
Every figure above is computed programmatically from this replay’s own candle series — no editorial input, no LLM. Methodology: Methodology
The market advances day by day. You only see candles up to the current day — as if you were really there.
At key decision points choose Buy / Trim / Exit / Hold. Each decision advances the timeline by one day.
After settlement you get a six-dimension score and an AI coach review. Your result enters the scenario leaderboard.
Event Replay
What happened — and what it teaches
The S&P 400 MidCap index in early 1994 represented a crucial segment of the US equity market—medium-sized companies positioned between the stability of large-caps and the growth potential of small-caps. The period from February to June 1994 was marked by rising interest rate concerns and shifting Federal Reserve policy expectations, creating an uncertain environment where even fundamentally sound companies faced pressure. This replay covers 80 daily bars across this critical stretch, putting participants in the shoes of investors who had to navigate mounting uncertainty while managing portfolio risk.
The index declined from 181.1 to 171.31, a -5.4% drop that understates the true stress faced by investors during this period. The maximum drawdown of 10.8% reveals the depth of the correction, with the largest single-bar move of 2.6% demonstrating how quickly sentiment could shift in an era before electronic trading dominated. Participants face 11 decision points, including 4 critical junctures where directional calls could significantly impact simulated outcomes. The replay forces confrontations with the timing question that every investor faces: when does deteriorating price action signal something fundamental versus simply noise?
The 1994 experience teaches that risk management frameworks matter more than market predictions. Participants learn to set drawdown limits, size positions appropriately, and avoid the emotional trap of capitulating near market lows. The distinction between a correction and a breakdown—the core decision at the heart of this replay—requires both technical discipline and psychological resilience. Educational replay succeeds when it makes participants feel the pressure of real decisions without real consequences, building habits that transfer to live markets.
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