The bottom line, today’s market action is encouraging although officially my short-term model (Hmm, you didn’t see the model? Then you didn’t pay attention to my table. It’s not the SPY ST Model, it’s something else) has yet confirmed an uptrend. Perhaps a green Monday will coax it into believing so. So the question is: Are we going to have a green Monday? Well, at least I have 2 tricks saying so.
When SPY down 4 days in a row (Yes, spy closed in red today), buy at today’s close sell at the first green day at close, you’ll have 82% chances since year 2000.
When CPC <= 0.81, 43 out of 62 times (69%) recently a green day the next day.
Enjoy your weekend!
P.S. In case you wanted to know: No, today is NOT an All Up Day. $USD missed 5 points, see 6.4.9 All Up Day Watch.
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