Next 20 days Outlook of SPX based on Patterns from Historical Price Data as on EOD Jan-5-2024
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 SPX in next 20 trading session which will be approx 1 month timeframe from the day it is evaluated. 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-5-2024 The historical price data as on Jan-5-2024 is matching the pattern with 3 instances of the past. 1. First Pattern match is from March-21-1985 where in SPX had moved up 1.79%, corrected -0.84% and closed positive 0.98% in next 20 trading sessions compared to the opening levels of next trading day of March-21-1985. 2. The second pattern match is from April-22-1996 where in SPX had moved up 3.98%. corr
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