After six straight declines, the NASDAQ and the S&P500 managed to edge higher; the DJIA scored its second positive day, but note that its earlier up tick amounted to just .02 percent. Yet the outlook for tomorrow is uncertain, since in the past, the day following this pattern turned up just about as many times as it turned down.
This is the fifth repeat of this pattern in 2012; the last one on September 19 and the first happening in April. Prices moved higher on three of the next days, falling twice.
Our diagram locates these closes for the S&P500. It shows almost no consistency, with most of these days happening during the 2000/2003 bear market and since March 2009, during the current bull phase.
DJIA .72 percent
NASDAQ .66 percent
S&P500 .81 percent