SPY Closes At A 5-Day Low For The 1st Time In A Long Time

On Tuesday the SPY closed at a 5-day low for the 1st time in over 4 weeks.  This triggered the study below, which I last showed on the blog in December.

I also did a 4-week filter and though instances were greatly reduced the numbers looked much the same.  This study suggests a moderate upside edge and hints that persistent uptrends normally wither before they die, rather than turn on a dime.