With all three indices ending higher, the possible downturn scenario of the past two days is off the table for now. Though advancing, the gains are modest: the NASDAQ result, up .54 percent, ranks as the 981st in size since 1999. The DJIA and the S&P500, with increases of .20 percent and .31 percent, have similar positions in terms of size.
Yet despite their small advances, these closes do not fit into the same, possible falloff in future prices projection mold, as did the results of the previous two sessions. We shall continue monitoring for this eventuality and report changes as they occur.
Today marks the 28th repeat of the pattern +1/-3 since 1999; that is, a gain following three declines. In the past, price changes on the following day divided evenly between advance and decline.
DJIA .20 percent
NASDAQ .54 percent
S&P500 .31 percent