A Two-Day Pattern With Strongly Bullish Implications

Yesterday I explored a pattern where the SPY made a gap up, a move higher and then closed poorly. It showed bullish inclinations. Wednesday’s bar shared a lot of matching characteristics with Tuesday’s. Below I looked at other times there were back to back bars with such similar traits.

Instances are a little low, but results don’t get much more bullish than this when looking out 1-5 days.