SPX After Quick Drops From 50-day Highs

The study below is one I have shown here on the blog for a long time. It looks at relatively sharp selloffs from intermediate-term highs. It shows that there has been a strong tendency for situations like the current one to bounce. Results are updated.

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The stats all suggest an upside edge over the next 1-5 days. Traders may want to keep this in mind the next few days.


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