Reply To: Technical Index Trading & Analysis

February 1, 2015 at 00:43 #3118

Keymaster

Of the last 20 times SPX has closed red 2 Months in a row, 16 times that low was taken out the following Month.

i.e, 80% chance of a lower low ahead. (80% is exceptionally high when looking at periods of “Months” rather than “days”).