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I ran my stats on the last 50 year,
Condition: On the SPX cash, price closes above the 8 day SMA for 23 consecutive days along with an 8 length %R indicator also closing above 90%.
Over the last 50 years, this only occured 8 times, max draw down -0.44% for a close back below the 8 day SMA over the next 4 - 5 days
Today was day 22, so if we get an up move tomorrow, will be day 23
here's some chart examples of it, interesting not one was a major top though, generally just a reversion to mean
Thanks Matt. I went long VIX ETF before the close. Now I know what to expect as far as a pullback for Spx.
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New Statistics
Posted by matt on 18th of Nov 2014 at 05:46 pm
I ran my stats on the last 50 year,
Condition: On the SPX cash, price closes above the 8 day SMA for 23 consecutive days along with an 8 length %R indicator also closing above 90%.
Over the last 50 years, this only occured 8 times, max draw down -0.44% for a close back below the 8 day SMA over the next 4 - 5 days
Today was day 22, so if we get an up move tomorrow, will be day 23
here's some chart examples of
Posted by matt on 18th of Nov 2014 at 05:56 pm
here's some chart examples of it, interesting not one was a major top though, generally just a reversion to mean
New Statisics
Posted by praetor54 on 18th of Nov 2014 at 07:14 pm
Thanks Matt. I went long VIX ETF before the close. Now I know what to expect as far as a pullback for Spx.