SP future today

Discussion in 'Trading' started by man, Aug 6, 2003.

  1. man


    after yesterday's trend i would expect long tendency today with slightly higher range than usual. while the average daily gain of the sp future since 1984 is about +0.02% it is about +0.11% on days following sharp downbars like yesterday. mean daily range over the same period is about 1.38% and should be slightly higher at 1.85% in situations following strong down bars.

    a sharp down gap would further indicate a long trending day IMHO.

  2. I may agree LONG with the down gap, but still the mojor trend is down. Sideway is more accurate to me than trending day,