Weak closes

The largest ETF in the U.S., SPY, has closed poorly for the 4th straight day. A streak of 4 consecutive days with a close in the bottom 25% of the intraday range is rare and is tied for the 2nd-longest streak since the fund's inception. It's easy to assume that this is an automatic negative since buyers are obviously not interested and there is potential "smart money" selling into the close. That assumption has not proved out, as 14 out of the 16 signals preceded a bounce over the next week. Two of them did end up leading to large losses, but that was it.