When $SPY hasn’t closed below its 5-DMA for 17 sessions in row

When $SPY hasn’t closed below its 5-DMA in 17 sessions !

with $SPY closing above 5-DMA for 17 trading sessions in row ,  ( yeah, it’s hot streaks galore in the last 2 months , with , $QQQ gains for 11 days in row longest DJIA Tuesday winning streak $DIA Jun Opex week after streak , $DIA non 3 day consecutive losing streak etc) , below the look at next 1/2/3/4/5/10/20 trading sessions returns whenever $SPY has closed above for 17 trading session in row

h/t @ukarlewitz

SPY hasn’t closed below its 5-dma in 17 sessions. According to Cobra this has only happened 3 other times since 2000: Jan 01,Jan 04 & Nov 04

— ukarlewitz (@ukarlewitz) July 22, 2013

Below the trading odds for the next 5 trading sessions ( exit at the close of 1/2/3 trading sessions,  don’t have a big trading edge ) for holding on to $SPY longs , when ever $SPY closed above 5-DMA for 17 sessions or more .

  • Winners : 6
  • Losers : 12
  • % Winners : 33%
  • Average Change % : -0.69
  • Median Change % : -0.42
  • Maximum Gain % : 0.74
  • Maximum Loss % : -3.05
  • Average Gain % if Winner : 0.45
  • Average Loss % if Loser : -1.26
  • Average Gain % / Average Loss % : 0.36
  • Average Absolute Change% : 1.01
  • Profit Factor : 0.21

a slightly bearish for the next five trading sessions !

below the table with prior instances of $SPY closing above it’s 5-DMA for 17 or more trading sessions in row .

$SPY closing above 5-DMA for 17 sessions in row since 1993

 

ps: t+2 , is the gain/loss in percentage terms for a two trading sessions holding period and so on ..

pps: we are sorry for not pointing to the right article at http://www.cobrasmarketview.com , if some one can please quote the discussion , happy to link …

pat yourself for observing a sequence of 17 closings  above 5-DMA , never ended there , they went onto post atleast one more close above 5-DMA during the next day/s, it’s the 18 closes above that creates the troubles for bulls over the next  4-5 trading sessions , if history repeats itself !!

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