Two Unfilled Down Gaps For SPY — Good News?

Both Thursday and Friday saw SPY leave an unfilled gap down. That is fairly unusual. In the study below I examined other times it has occurred since 2002 while SPY was below the 200-day moving average.

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Every instance except one was higher five days later. While instances are a little low, the numbers are compelling and suggest an upside edge over the next week.


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