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.
Friday, November 1, 2013
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.
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.
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