Wednesday and Thursday were a tough way for the indices to finish the year. In the study below I show other times where the SPX closed down on the last two days of a quarter. I found that when the last two days were down, but the quarter was still positive, there appeared to be a strong upside tendency over the next few weeks.

The consistency and the strength of the edge is impressive. While the market is off to a tough start this morning, history says that is unlikely to persist in the coming days & weeks.  While there is more than just this that will impact market movement going forward, it may be worth considering this study when establishing your trading bias.

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