Prices increased nearly one percent as the market posted its second straight gain after posting two consecutive losing days. Its last identical repeat was just days ago, on March 18. Identical patterns were posted three times last year, in November, August, and June.
Our diagram reveals that this combination occurs slightly more often in bull markets. Yet, on the following day, prices declined more often than they moved higher. Further, the market fell on the following day after each of the last four happenings.
DJIA .83 percent
NASDAQ 1.04 percent
S&P500 .80 percent
