A Failure of Bulls Followed by a Failure of Bears

On Monday the bulls tried to make a move higher and failed, making for a higher high and a lower close.  On Tuesday the opposite happened with a lower low and a higher close signifying a failure by the bears.  This action triggered the below study in the Quantifinder.  It was last seen in the 3/3/11 Subscriber Letter.  I have updated the results.

Odds across the board, from Win % to Win/Loss Ratio and Profit Factor are all impressive, and suggestive of a short-term upside edge.