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Daily Middle Band Retest Fails

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The decline yesterday was a hard fail at the retest of the daily middle band on many indices, and the close yesterday, and the open today was significantly under the SPX 5 day MA. On my 5DMA three day rule stat we should now see a retest of the last low at 1911, and 95%+ a lower low there, before there is another test of yesterday’s high at 1988.63. I have found no exceptions to this rule since the start of 2007 from at least 40 instances so I’m expecting a retest of 1911 soon, very possibly today. SPX daily 5DMA chart:

150910 SPX Daily 5DMA

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