What SPY’s Gap Up, Reverse Down & Rebound Back Up From Friday Suggest For This Week

By Rob Hanna

The sizable gap up, pullback, and then move back higher on Friday triggered an old Quantifinder study for the 1st time in a long time. Below is the full list of trades with a 5-day holding period.

2018-02-11

All 8 instances saw run-ups of at least 1%, and they all closed positive. While instances are low, the initial inclination appears quite bullish. This study may be worth some consideration when thinking about this upcoming week.

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