These results seem to suggest a moderate downside edge over the next 6 days.
Tuesday, February 14, 2012
77% of the Time the SPY has Been Lower 6 Days After This Setup
Action in SPY the last couple of days has been interesting as it has left large unfilled gaps in both directions. The Quantifinder identified the study below. It looks at other instances where you had a 20-day closing high, then an unfilled gap down, and then an unfilled gap up. All results are updated.
These results seem to suggest a moderate downside edge over the next 6 days.
These results seem to suggest a moderate downside edge over the next 6 days.
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Stocks are up today, but if you factor in what is happening with Greece and the risks there, its best to switch to alternative investments rather than have too much tied up in stocks. As a Brit, I closely follow what is going on in Europe, and American investors are greatly underestimating the risks there.
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