As the S&P 500 market continues to move higher than it has been previously, I thought it would make sense to take a look at how the market generally reacts after it has closed at a 50 day high and also closed higher 4 days in a row. Does this type of pattern tend to benefits longs or shorts on that 5th day?
Interesting in learning more from Scott? Then check out MastertheGap.com for additional material.
This website is for educational purposes only. Futures, options, and spot currency trading have large potential risk and traders should be well-educated before putting real money at risk. You must be aware of the risks and willing to accept them in order to invest in all markets. Don’t trade with money you can’t afford to lose. This website is neither a solicitation nor an offer to buy/sell a futures contract or currency.