Hey guys! Todays Historical edge comes from an interesting pattern.
๐ The Pattern: SPX closes down over 2% and above 5day low, but yesterday it closed at 5day high.
We backtested and saw strong edge.
โฌ๏ธ โฌ๏ธ RESULT โฌ๏ธ โฌ๏ธ
๐ Edge: ๐ด Bearish ๐ Occurrence since 1990: 25x (frequent) ๐ Highest edge: 4days later ๐ฒ Probability of bullish move: 28% - aka this suggest a bearish move over the next 4days.