Prices dropped more than one percent – the steepest loss since January 13. Today’s diagram shows how the market came back, making a new high just two days later.
Today’s combination of four losses in a row for the DJIA while the NASDAQ and the S&P500 declined just one day, is a rare pattern, occurring just ten times in the 4,570 trading days since 1996.
Further, these days happened as often when prices were trending down as in bull markets.
On the following day, prices declined further six times, rising on only four days.
DJIA -1.41 percent
NASDAQ -1.46 percent
S&P500 -1.17 percent
