Since 2000, we've had 160 occasions inwards which at that topographic point bring been iv consecutive ascent days inwards the S&P 500 Index (SPY) such equally we've had close recently.
Over the next 3 days, SPY has averaged a loss of -.37% (71 up, 89 down). By contrast, for the remainder of the sample, the three-day provide on SPY has been -.01% (1169 up, 1030 down).
It appears that roughly net taking afterwards a catamenia of steady gains is normal. Indeed, returns bring been negative from 1-5 days out next iv days of consecutive gain.
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