S&P Futures Successfully Test the 20-day Average

The setup:
S&P futures trade below a rising 20-day moving average on an intraday basis but rebound to close above the average. This occurred Wednesday AND Thursday. Back-to-back occurrences suggest a successful test.

History:
Strong tendency for higher prices over the short-term. 29 out of 34 occurrences since 2000 (85%) led to a higher S&P close one day later. 29 also led to a higher S&P close one week later. Both represent significant edges over the 53% random odds.

An interactive chart of the S&P futures continuous contract along with the 20-day average can be found via this link… http://MarketTells.com/interactive/sp-futures-w-20-day-average/

S&P Futures Low < Rising 20-day Average, Close > Avg Two Days in a Row
05/12/11… S&P futures ???
11/19/10… S&P futures -0.0% one session later, -1.0% one week later
11/30/09… S&P futures +1.2% one session later, +0.7% one week later
10/07/09… S&P futures +1.0% one session later, +3.3% one week later
08/19/09… S&P futures +0.8% one session later, +3.2% one week later
05/12/08… S&P futures +0.0% one session later, +1.6% one week later
02/25/08… S&P futures +0.8% one session later, -3.0% one week later
02/15/08… S&P futures +0.3% one session later, +1.6% one week later
05/25/07… S&P futures +0.3% one session later, +1.6% one week later
01/31/07… S&P futures +0.5% one session later, +0.8% one week later
01/23/07… S&P futures +0.8% one session later, +0.1% one week later
09/25/06… S&P futures +0.8% one session later, +0.4% one week later
08/11/06… S&P futures +0.1% one session later, +2.8% one week later
07/25/06… S&P futures +0.1% one session later, +0.2% one week later
04/26/06… S&P futures +0.5% one session later, +0.2% one week later
04/04/06… S&P futures +0.3% one session later, -1.5% one week later
03/14/06… S&P futures +0.4% one session later, -0.0% one week later
12/09/05… S&P futures +0.1% one session later, +0.6% one week later
05/17/05… S&P futures +1.0% one session later, +1.7% one week later
12/09/04… S&P futures +0.1% one session later, +1.2% one week later
06/29/04… S&P futures +0.4% one session later, -1.6% one week later
04/15/04… S&P futures +0.8% one session later, +1.0% one week later
02/26/04… S&P futures +0.1% one session later, +0.9% one week later
08/14/03… S&P futures +0.3% one session later, +1.3% one week later
05/23/03… S&P futures +1.9% one session later, +3.6% one week later
04/10/03… S&P futures -0.4% one session later, +2.5% one week later
04/01/03… S&P futures +2.4% one session later, +2.3% one week later
03/14/03… S&P futures +3.4% one session later, +7.5% one week later
11/20/02… S&P futures +1.8% one session later, +2.7% one week later
11/15/02… S&P futures -1.0% one session later, +2.3% one week later
02/27/02… S&P futures -0.4% one session later, +4.8% one week later
01/02/02… S&P futures +1.1% one session later, +0.0% one week later
12/19/01… S&P futures -1.0% one session later, +0.7% one week later
11/02/01… S&P futures +1.3% one session later, +3.1% one week later
05/14/01… S&P futures +0.4% one session later, +5.1% one week later

Categories : Archived EOD Commentary, End-of-Day Commentary

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