When There Is No Match In History …
I was asked a question in my real-time chatroom about the 3-Day Pattern Odds Reports. Specifically if there is something wrong with the tables for Dow, S&P500, Nasdaq 100 and of course the derivatives (DIA, SPY, QQQ, and futures YM, ES, NQ) as they are all blank for today.
I answered that there was no match at all historically based on the 3-day pattern thus today could be something unpredictable.
How true the unpredictability has proven!
All morning the indices were pushing higher and the midday sideway move was totally expected. Then by 2 pm, there was no fireworks. No short squeeze whatsoever. Slowly, drifting lower and lower and then collapsed in 3 pm and sold off to new low of the day.
Very glad that I kept the surprise factor in mind and walked away when 2 pm does not unfold as expected.