As I type this morning the futures are up between 1% and 1.5%. Below I show results since 2003 of gaps of different sizes occuring right after a 50-day low.
First are gaps between 1% and 1.5%.
Very low instances but very poor performance.
Now let's look at instances of gaps above 1.5%.
It appears the bigger the gap the better for the bulls this morning.
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