SPY’s 2-Day Pattern Suggesting A Bullish Tendency For Tuesday

Posted on November 28, 2017 by

SPY gapped up and closed lower Monday after leaving an unfilled up gap on Friday. This triggered the study below that examined similar price action in SPY with regards to how it gapped and finished.

2017-11-28

The numbers here all look solidly bullish. This suggests a possible upside edge for Tuesday based on SPY’s pattern of the last few days. Traders may want to keep this in mind today.

 

 

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About the author:

Rob Hanna is the founder of Quantifiable Edges, a quantitative market research service he has run since 2008. His research focuses on statistical analysis of U.S. equity markets. In 2009 he published "The Quantifiable Edges Guide to Fed Days," available on Amazon. He was named the 2024 recipient of the National Association of Active Investment Managers (NAAIM) Founders Award and has since joined the NAAIM Board of Directors. Rob also works with Capital Advisors 360 as an investment advisor representative, where he utilizes quantitative and volatility-based models. Follow him on X / Bluesky / StockTwits / Facebook / Substack