After a wild opening spike SPX returned and broke my main triangle option and last Thursday’s low, which was the full 5dma Three Day Rule target. I think that makes about three dozen of these 5dma breaks that have all made target since the start of 2007, with the only exceptions being two slightly higher lows when triangles were forming earlier this year. There will come a time when this stat doesn’t deliver of course, as no stat can ever be perfect, but this was not that time. SPX daily 5dma chart:
