What Thursday’s Unfilled Gap & Poor Close Might Mean

The late-day selloff may have felt bearish on Thursday. One very simple study I ran last night suggested otherwise…

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The number of instances was a little bit low. These results are strongly suggestive of upside over the next few days, though. The profit factor (gross gains / gross losses) over the first 3 days is especially impressive. Also compelling is the fact that every instance saw at least 1 close above the trigger day close within the next day or two.