The NASDAQ and the S&P500 declined today, after closing higher on the three previous sessions, while the DJIA fell for the second day in a row. This pattern has occurred 20 other times since 1950, eleven of those happened after January 2000.
Positive closes on the day following outnumbered declines, 8:3. However their occurrences are clustered during rising markets.
Todays, for example, is the fourth such pattern since the market turned higher in March 2009. Three others came during the 2003/2007 bull market. Yet three happened during the 2007/2009 decline.
DJIA -.34 percent
NASDAQ -.34 percent
S&P500 - .32 percent