SPY Registers 1st 5-day Low In A While – Now What?

Thursday the SPY managed to close at a 5-day low after 16 days without doing so. This triggered the study below, which I last showed on the blog May 25th. Results here suggest a moderate upside edge. As I have said before, persistent uptrends normally wither before they die. They rarely just turn on a dime. It appears unlikely that SPY will be faced with a lot more selling before it manages to bounce.

via Quantifiable Edges:

Thursday the SPY managed to close at a 5-day low after 16 days without doing so. This triggered the study below, which I last showed on the blog May 25th.

Results here suggest a moderate upside edge. As I have said before, persistent uptrends normally wither before they die. They rarely just turn on a dime. It appears unlikely that SPY will be faced with a lot more selling before it manages to bounce.

For more info: SPY Registers 1st 5-day Low In A While – Now What?

Quantifiable Edges

SPY Registers 1st 5-day Low In A While – Now What?

The post SPY Registers 1st 5-day Low In A While – Now What? appeared first on FX FOREX.

via WordPress http://www.evvi.net/1404/trading/spy-registers-1st-5-day-low-in-a-while-now-what.html



Trading, bounce-thursday, moderate-upside, normally-wither, quantitative study, rarely-just, results, selling-before, spy, this-triggered, thursday, trading, triggered