Is The Bottom In for S&P?

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Is The Bottom In for S&P?

…Odds Say No

Posted on 08/03/14

  • Between 07/30/14 and 08/01/14, S&P sentiment decreased from 63% to 42% Bulls.
  • Since 2006, S&P sentiment decreased >19 over a two-day period 20 other times.
  • The S&P 500 made a new low 80% of the time (16/20) within two trading days.
  • The S&P 500 made a new low 100% of the time (20/20) within 15 trading days.
  • Odds heavily favor the S&P 500 to trade below 1910.25 by August 22nd, 2014.

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