Reply To: Technical Index Trading & Analysis

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#3247
RS2OOO
Keymaster

Based on all previous occasions since 1996 when SPY/DOW cash gapped down for 6 consecutive days during an up trend, there is a 100% chance it will gap up on the 7th day.

i.e Buy SPX now at 2114 or DOW at 18207 and there’s a 100% historic probability that you’ll be showing a profit when the cash session opens at 14:30

There was one occasion where SPY/DOW gapped down for 7 consecutive days but that was in a downtrend thus I’ve not accounted for it.