S&P futures (RTH) posted an unfilled upside gap (low > previous high) last Friday and again this Tuesday.
Equities model will
The S&P500 ended Friday’s session with a gain of over 1% despite
Update: Max intraday gain added to table
S&P futures opened up 1% on Friday.
The 14-day relative strength index for the Nasdaq100
Correction: Study below involves ‘up volume’ average, not down volume as originally posted.
The 20-day average of
It’s been years since we last saw three consecutive 1% down days for the S&P500.
The S&P500 fell to an intraday low of 1912.84 this morning, representing a 3% drawdown since the end of September. This is right around the average drawdown experienced during any random month and below the 5% average drawdown in October after a down September.