S&P 400 MidCap Downtrend Replay (1996-05-20 to 1996-07-24)
Replay a 1996 S&P 400 MidCap correction across 92 daily bars with an 11.6% peak-to-trough drawdown and a sharp 2.7% single-day swing. Step through eleven decision points, make calls, and receive an AI coach review in this simulated, educational market-replay.
92 daily bars · 11 decision points · 1996-04 to 1996-08 · Stocks
Key facts
This window spans 129 days with a peak-to-trough drawdown of 11.6% and a 8.8% run-up.
- Max drawdown
- −11.6%
- Max run-up
- +8.8%
- Duration
- 129 days
- Largest single-day move
- −2.7%
- Bars
- 92 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 the spring and summer of 1996 presented mid-cap investors with a classic correction scenario. Across a 92-day window from mid-April through late August, the index navigated shifting sentiment and internal sector rotations. What made this period particularly demanding was not just the directional uncertainty, but the psychological pressure of sustained downside that tested conviction.
The numbers reveal the tension between modest end results and turbulent intermediate paths. The index closed the period at 232.84 from an opening 230.33, representing a net gain of just 1.1%. Yet this deceptively calm headline figure masked an 11.6% peak-to-trough drawdown and a particularly sharp 2.7% single-day move that amplified intraday stress. Navigating these swings required discipline, as positions faced significant interim losses before recovery materialized.
The eleven decision points embedded in this replay, four of them critical, form the core of the training value. Participants must practice sizing positions appropriately, maintaining composure through drawdowns, and distinguishing between noise-driven volatility and genuine trend changes. This scenario hones the ability to execute a plan when emotional resilience is most challenged.
Featured in the archive