Thursday, April 18, 2013

What The Last 2 Days Unfilled Gaps May Be Suggesting


I am seeing a real mix of evidence right now, as neither bullish nor bearish short-term evidence is dominating.  The study below is one example of a study from last night’s letter with possible bearish implications. It examines 2-day moves like SPY has just encountered.



The suggestion here is that more downside appears likely over the next few days.

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