Bullish tonight on SPY, don’t be scared by the “fiscal cliff”
Yesterday night had a strong bullish seasonality but I didn’t like the chart on SPY. I was creating a perfect Wolfe Wave. And i didn’t want to fight with him.. I was right. Market had a huge gap down this morning. Tonight again a strong seasonality (bullish):
NT | %W | PF | AW | AL | MAX | MIN |
80 | 67,5 | 3,44 | 0,5 | -0,3 | 2,74 | -1,04 |
NT | %W | PF | AW | AL | MAX | MIN |
13 | 61,54 | 3,22 | 0,36 | -0,18 | 0,7 | -0,44 |
NT | %W | PF | AW | AL | MAX | MIN |
14 | 78,57 | 16,17 | 0,35 | -0,08 | 1,48 | -0,13 |
In all my three filters seasonality was great and t-scores are great. Moving on the price pattern (to be considered only if today SPY closes below yesterday’s low and above today’s open):
NT | %W | PF | AW | AL | MAX | MIN |
21 | 76,19 | 5,22 | 1,24 | -0,76 | 6,07 | -2,78 |
If the pattern criteria will not be met this evening I’ll stay on cash. This is Friday night and Globex closes for two days. Too much time to stay alone with Fiscal Cliff and seasonality..
Have a profitable night!