Wednesday, December 6, 2017

Consecutive Low Closes

Will you look above me?
Look my way? Never love me?
Rain keeps falling, rain keeps falling
Down, down, down, down
--Simple Minds

An almost unbelievable note from Jason Goepfert stating that, yesterday, the SPX closed in the bottom 10% of its daily range on two consecutive days for the first time in about two years.
Cursory review of a candlestick chart over the past seven months is consistent with his statement.

Demonstrates just how one sided the market action has been. And how comotose we've become to the extreme conditions.

no positions

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