Continuing our study of Friday closings, lets check out what happens when Friday closes on a positive note.
As you can see out of 387 total instances there are 132 negative closings for next week and 216 positives (34% to 56% in favor of positive closing). In a bear market (price below 200 dma), positive Friday closing leads to 75 positive closings for next week and 38 negative closings in a total of 128 observations (30% to 59% in favor of positive closings). In case of a bull market we have a total of 236 such cases, where 127 (54%) has led to positive closing and 87 (37%) has been negative closing.
What can be said, with some confidence is that there are higher chances of markets giving a positive return next week, if the Friday had been a positive day. Whether we are in bull market or not doesn't really matter much.
As you can see out of 387 total instances there are 132 negative closings for next week and 216 positives (34% to 56% in favor of positive closing). In a bear market (price below 200 dma), positive Friday closing leads to 75 positive closings for next week and 38 negative closings in a total of 128 observations (30% to 59% in favor of positive closings). In case of a bull market we have a total of 236 such cases, where 127 (54%) has led to positive closing and 87 (37%) has been negative closing.
What can be said, with some confidence is that there are higher chances of markets giving a positive return next week, if the Friday had been a positive day. Whether we are in bull market or not doesn't really matter much.
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