Idea for SP500

The idea for the SP500

It looks like this so that the most significant results are obtained when the market is closed in the bottom 20% of the daily range. It does not imply closing 20% ​​lower that the sale was on average too emotional? I noticed, considering these data, I can easily recall the large number of times when the market is closed on the slide, and the next day continued to fall. Purchase under such conditions do psychologically is more risky than buying after a hard day bullish, which is closed at the top of the day’s trading range. Yet the data show that 20% of today’s close, on average, lower yields better results in the next 24 hours, and closing in the upper 20% – for the worse.

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