Futures Trading Room – 2015-05-18 overnight review
This is the 2015-05-18 alert:
If SPY closes above 212,45 the following patterns will trigger:
SHORT PATTERNS 27-29-30-83-108-176-265 (PRICE-VOLUME-VIX-SEASONALITY)
If that happens I will enter SHORT.
This is what I call the “perfect losing trade”: 1,25 ES points loss. Despite good short odds, the wild long night quickly reverted back near breakeven just before the open cutting the loss.