Tuesday’s have a well-earned reputation for being days where bounces tend to begin. The study below is from last night’s letter. It was also shown in the Quantifinder yesterday afternoon. It examined other times that the SPX closed at a 20-day low on a Monday. Results have been updated.
Stats here appear strongly bullish. It is also worth noting that since 2013 there have been 9 winning trades in a row (when looking out 4 days). Traders may want to keep this in mind over the next few days.
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