Bollinger Band Squeeze suggests strong move coming soon: UP or DOWN!?!?

Yesterday I mentioned on Tony C’s blog that the bolliner band width was at historic lows (<2), which has only happened 5 times since the 2011 low. Hence, it is prudent to pay attention to it. OEW-count, comparison of current TI setup with previous occurrences’ setups, and the fact that 3 out of 5 times a BBW<2 resulted in UP moves suggests odds favor this time will also be UP.

 

SPX TI comparison2

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