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