SPY first level 3 bullish exhaustion signal on the daily since Jan 2016, when in marked the exact bottom. The other 3 times it happened in the past 30 years were during the 2000-2003 dot com bust.Within 10 candles after the signal:
- 75% win rate
- +3.5% average move
- 4 data points over 30 years
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.