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S&P 500 Quantitative Analysis Update For June 5, 2019 [Premium Articles]

S&P 500 quantitative analysis to determine the directional bias of short-term market direction after the close of June 4, 2019.

Announcement: Due to recommendations by DLPAL LS license holders we will terminate posting results in blog except when they are delayed sufficiently. We understand trading is a competitive space and as a result this is the last report with timely DLPAL LS results.

The directional bias P-delta of S&P 500 for 1%, 2% and 3% profit target and stop-loss pairs after the close of Tuesday, June 4, 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 and overall increasing from the day before. Significance S is high.

More importantly, the bias is positive in all three cases above for a second day in a row. Therefore, these indicators are bullish in the short-term. 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.

Copyright notice: Any unauthorized copy, reproduction, distribution, publication, display, modification, or transmission of any part of this report is strictly prohibited without prior written permission.

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