Friday was the 1st time SPY has closed at even a 5-day low since 3/26. The study below is one I have shown before. It examines other times when the SPY closed at a 5-day low for the 1st time in over 2 weeks. All stats are updated.

Results here suggest a moderate upside edge. The lesson with this study seems to be that persistent uptrends normally wither before they die, rather than turn on a dime.

Want research like this delivered directly to your inbox on a timely basis? Sign up for the Quantifiable Edges Email List.