Tag Archives: outside day

Quantitative Analysis of the 4-Day Pattern in SPY

The 4-day pattern formed in SPY as of the close of yesterday involves three down days and an outside day. This particular price pattern has win rate close to 70% and all of its occurrences since 2006 signaled a 2% rise. However, … Continue reading

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Outside Day of an Inside Day in SPY

As of the close of Friday, November 30, 2012, an inside day formed in daily SPY data. Due to yesterday’s price action the inside day pattern of last week is now “inside” a daily bar. I call this pattern an “outside day of an … Continue reading

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Outside Day Upside Breakout in QQQ

After a rare formation of two consecutive outside days, an upside breakout followed in QQQ. The resulting outside day upside breakout pattern has been historically a short signal for profit targets in the 3% range but with a low winning bias. Share

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Rare Patterns of Two Consecutive Outside Days in SPY and QQQ

These patterns are indeed extremely rare. They have formed after some other recent rare patterns. Maybe it is because this is a rare time period. Share

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SPY Outside Day Breakouts Are Usually Followed by a Rebound

Yesterday there was an outside day breakout in SPY. The breakout was to the downside but historically this chart pattern is usually followed by a rebound to the upside. Share

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