With the NASDAQ and the S&P500 posting their fourth straight loss, with the DJIA declining for the third successive day, we have to go all the way back to 1994 to find the last repeat of this pattern. To find a date closer to the present, we consider days with the DJIA also posting its fourth successive loss. That was just this last August, on the second.
Considering that graph, note that prices not only recovered but in fact continued their move to higher ground.
Yesterdays projection, calling for a positive close today, obviously did not happen. Moreover, we stand on the sideline for tomorrow, with no other such patterns in this century.
DJIA -.95 percent
NASDAQ -.43 percent
S&P500 -.62 percent
