Sharp Drop In 2 of 3 Days Revistited

The market dropped hard on Wednesday for the 2nd time in the last 3 days. Two hard selloffs in three days is something I looked at in July of last year. Below is an updated table of that same study.

The results seem to suggest the market is getting a bit overdone and could be ready for a bounce. While there have been a fair amount of occurences in the last 10 months, the results have stayed fairly consistent.