A 25-0 S&P SETUP FOR JUNE26-JULY15
The S&P was down 1.95% during the week of June19-26.
Cutting the last 50 years database in half by focusing on those 25 "Nearest Neighbor" cases to this year's -1.95% June19-27 measure produces the below dataset consisting of those June19-26 performances ranging from -3.8 to -0.1%.
The S&P was 25-0 in the following June26-July15 time frame in the aforementioned 25 cases for an avg nineteen day gain of 3.33%.
Nineteen of the 25 cases had less than a 1% Drawdown during the reaction period.
In 12 of the 25 cases, June 26 was the Low (No Drawdown).
One of 18 multimarket studies shared with Study Subscribers last week. [email protected] for Study List inquiries.
@Norseman1 Count me in. By the way I subscribe to Mancini @adammancini4 and he is completely against shorting this market. I've stayed out of trouble because of you two. Love when your views align!
@Norseman1 If we get the 90% up day, will you sell out of your remaining shorts? and more importantly, will you reload higher? seems like this correction not done yet
@BrownTexasNinja get lessons. been skiing 30 years and ski injuries suck. it's not so much a matter of can you ski? it's more of can you avoid the idiot who can't?
@hnasser@nickgiva1 that's yesterday's settlement. SET is listed as 4694.27 which should be the same as futures settlement since the values converge at expiration
https://t.co/LsLaw4y9JO
Today was a perfect example of a technical backtest and rejection off the key 4335 level, and excellent short setup. 4322, 4308 were my sell targets. 4295 below, here now.
Critical support here 4290-95. Bulls must hold and clear 4308 now to trigger up. 90 fails, 4280, 4236 next