All Ords Index (XAO) - 7 consecutive up days in conjunction with a 250-day closing high points to higher ground
Probability Trader
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All Ords Index (XAO) - 7 consecutive up days in conjunction with a 250-day closing high points to higher ground. On Friday, the All Ordinaries Index closed up for the 7th consecutive day in conjunction with a 250-day closing high (approximately 1 year maximum closing level). This type of upward momentum is usually followed by more upside. Since 1980, 20-days following this particular setup, the All Ordinaries Index provided an average increase of 2.22% with a win rate of 70%. Interestingly, 15 of the 31 observations deliver a 20-day return of greater than 2.5%. Full data analysis & tables can be viewed at (VIEW LINK)
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Probability Trader
Quantitative Research Analyst
www.probabilitytrader.com
Probabilitytrader is an independent financial research group that provides objective analysis for traders of Global Stock Market Index CFDs, ETFs, Futures, and Options. Our forward looking analysis covers timeframes as short as 1-day to as long as...
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No areas of expertise
Probability Trader
Quantitative Research Analyst
www.probabilitytrader.com
Probabilitytrader is an independent financial research group that provides objective analysis for traders of Global Stock Market Index CFDs, ETFs, Futures, and Options. Our forward looking analysis covers timeframes as short as 1-day to as long as...
Expertise
No areas of expertise
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