TintinTrading

🟨 Ned Davis - 3 Day Price Thrust

Long
SP:SPX   S&P 500 Index
The market triggered last week the Ned Davis 3 Day Price Thrust Trigger Indicator - indicator available in my profile.

The Thrusts occur when the S&P 500 rises at least 1.5% for one day, at least 1.15% for a second day, and at least 1.5% on the third day. The record since 1970 is perfect one year later. However, the prior18 cases, ending in 1938, only show 11 out of 18 profitable one year later.

We have backtested this for you and show you the result.

Bare in mind that the FED is speaking this week, which always brings extra volatility .

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