Next 20 days Outlook of SPX based on Patterns from Historical Price Data as on EOD Jan-25-2024
Patterns based prediction using Predictive Analytics Every data contains patterns based on which it is possible to predict the expected movement of the market. Here I am trying to derive expected movement of Nifty in next 20 trading session which will be approximate 1 month timeframe. This blog is like central repository for me that I can refer in future to see how my research of the subject is progressing. Please don't use it for your trading. See the disclaimer below. Next 20 days Outlook of SPX based on Patterns from Historical Price Data as on EOD Jan-25-2024 There are two patterns that match closely to the pattern created on EOD Jan-25-2024 1. Pattern one from SPX on March-7-1983 had a high of 0.88%, Low of -2.96% and closed -1.15% in next 20 trading days compared to next trading day opening levels. 2. Pattern two from SPX on Aug-7-2017 had a high of 0.04%, low of -2.56% and closed -0.96% in next 20 trading days compared to next trading day opening levels. How did the pred