…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.