Jan

5

SPY weekly close above 50-period upper Bollinger band is not bullish, but not bearish either for the following week.

Average                                   0.0%
Standard deviation                    1.6%
N                                             153
t                                             -1.39
Average of all weeks since 1993   0.2%
Looking ahead 50 weeks, results are consistent with randomness with only 17 non-overlapping occurrences since 1993.
Average                                   10.7%
Standard deviation                    11.8%
N                                              17
t                                               0.03
Average of all 50-week periods since 1993  10.7%
 

Gary Phillips writes: 

One thing about shorting es here (3241.00 - 42) is that the market will give you pretty quick feedback as to whether you are right or wrong.
 

 


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