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S&P 500 Quantitative Analysis Update For June 4, 2019 [Premium Articles]

S&P 500 quantitative analysis to determine the directional bias of short-term market direction after the close of June 3, 2019.

The directional bias P-delta of S&P 500 for 1%, 2% and 3% profit target and stop-loss pairs after the close of Monday, June 3, 2019, is shown below as calculated by DLPAL LS software.

The bias  P-delta is positive  (LONG) for all three profit target and stop-loss pairs but small. Significance S is high. Therefore, these indicators are bullish in the short-term but strength is low and market is fragile. Note that the bias calculations change daily.


Disclaimer:  No part of the analysis in this blog constitutes a trade recommendation. The past performance of any trading system or methodology is not necessarily indicative of future results. Read the full disclaimer here.

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