There have been three consecutive sessions in which the SP has had a price move of 1% close over close. I returned to a chart that I've been using periodically which tracks these moves as well as intraday sessions of 2% between the days high and low.
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| SPX Year Volatility Study |
Scaling the chart out as far as TC2000 allows, my notes that I've kept comparing various market periods show my count through those times. The one conclusion that I have come to through my documentation is that when there are clusters it is worth taking note of. Linear up trends in the market will not have vary many of these days, but volatile, choppy, and correcting markets do.
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| SPX Two Year Volatility Study. |
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