SPY Leaves an Unfilled Gap Down on Thursday and Friday
Both Thursday and Friday saw SPY leave an unfilled gap down.
That is fairly unusual. In the study below I examined other times it has occurred since 2002 while SPY(NYSEARCA:SPY) was below the 200-day moving average.
Every instance except one was higher five days later. While instances are a little low, the numbers are compelling and suggest an upside edge over the next week.