While the day started promisingly for the bears, the late day stick save ensured that the loss is minimum.
It is now more than 30 days that SPX has not declined 1% or more.(Last was on Dec.28, 2011) As per Stock Trader's Almanac, there have been 119 past instances when SPX has gone on without a single day loss of 1% or more.They have a beautiful chart to explain what happened when that streak ended.
(Source: Stock Trader's Almanac)
Question is, when is that day.
I will post a more detailed note tomorrow.
Have a wonderful weekend folks.
It is now more than 30 days that SPX has not declined 1% or more.(Last was on Dec.28, 2011) As per Stock Trader's Almanac, there have been 119 past instances when SPX has gone on without a single day loss of 1% or more.They have a beautiful chart to explain what happened when that streak ended.
Question is, when is that day.
I will post a more detailed note tomorrow.
Have a wonderful weekend folks.
