No charts for this quick summary, because www.stockcharts.com is down. I’ll present some charts from Telechart in tonight’s market recap if www.stockcharts.com still remains down.
The trick I see today is CPCE <= 0.56 which has led to a red day next day 14 out 18 times recently.
About “SPY rose 3 days in a row while volume down 3 days in a row” trading setup I mentioned last night, I did a back test (for the past 9 years) before publishing it, although I just showed you the most recent chart because I believe the visual test of the most recent chart weights more. Should you want more historical statistics, here’s a link from Quantifiable Edges, who coincidently did the same thing last night.
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