What Thursday’s Unfilled Gap Down & Poor Close Suggest For The Next 2 Weeks

The study below is one that I have shown before, but not for a while.  It looks at days like Thursday where SPY posts an unfilled gap down that closes poorly while the market is in a short-term downtrend, but a long-term uptrend. Results are updated.

Results are strong right from the start and look good throughout the first two weeks.  This one favors the bulls.