What Follows Relatively Large Drops From New Highs

Tuesday saw the 1st somewhat sizable drop for the market in a while. And the action triggered the study below, which looks at relatively large drops from intermediate-term highs. I have updated all the stats.

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Over the last 11 years the stats are impressive. And the 3-4 day consistency is strong. Traders may want to take this into consideration when setting their bias over the next few days.

 

 

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