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