The stupid stat of the week ahead. Sorry
@oddstats, I'll try to make it up with some BBQ porn this weekend. "Since 1990, how many weeks have an open and close above 75% of the weekly range?" Well, there are 16 of those weeks on SPX including this week. 60% of the previous times the next week closed higher with an average (if up) of 1.3% up. 40% of the previous times the next week closed lower with an average (if down) of -1.8%. Futher to refine to match my personal bias (haha!!!!) on the times it was down only one time was the market showing balance. All other times the market was already "reaching" or was in the GFC. So, volatility/expected range/historical context all show this next week better fucking close up. haha. But, A
@OddStats would say, "How the fuck would fuck would I know?" Historical stats are great but each week is an independent observation. You build the model, play the probabilities. I know if Monday, for example, we stop one time framing up on the daily, the odds of this all playing out to the upside decreases. One day at a time.