Futures Trading Room – Overnight Overview of November the 6th 2015
This is the alert I sent for the past weekend:
1) If SPY closes below yesterday’s close at 210,15 but above today’s open at 209,74 the following patterns will trigger:
LONG PATTERNS 55-58-100-101-107-158-199-296-383-408 (SEASONALITY, PRICE, VIX, RSI)
2) If SPY closes below today’s open at 209,74 but above 209,25 the following patterns will trigger:
LONG PATTERNS 55-58-61-107-199-296-383-408 (SEASONALITY, PRICE, VIX RSI)
3) If SPY closes below 209,25 the following patterns will trigger:
LONG PATTERNS 55-58-61-107-173-199-296-339-340-381-383-408 (SEASONALITY, PRICE, VIX, RSI)
All 3 situations described above are highly bullish.
To sum up, If SPY close below yesterday’s close at 210,15 I will enter LONG.
Note: Stop loss = 25 ESmini points.
Despite so many bullish patterns triggering, market fell 0,35% at the opening of Monday.
I added a -4,2% and -6% loss to my equity curve.