$SPX vs % of stocks above 200d average
Idea taken from here:
youtu.be/60_aAlR6UJU?t=633
Sample size and history are too limited for any far-going conclusions, but interesting to note and keep track of. This time we're having the highest % lower low from all 3 instances when there was a lower low after crossing the 15% threshold back up. If there is another lower low, this will be the first time there is a double fake-out in this setup.
youtu.be/60_aAlR6UJU?t=633
Sample size and history are too limited for any far-going conclusions, but interesting to note and keep track of. This time we're having the highest % lower low from all 3 instances when there was a lower low after crossing the 15% threshold back up. If there is another lower low, this will be the first time there is a double fake-out in this setup.
Penafian
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