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Futures Trading Room – Overnight Overview of January the 14th 2016

January 15, 2016

Simply my best overnight trade ever. Here’s the alert I sent yesterday:

Today there’s just one new pattern triggering:

Last SPY five nights are all up nights. Today’s close is at least 5% below 200 SMA.

There were just 6 instances since 1993. All of them were bearish nights. Average trade was -3.81% and the most bearish night with -5.52%.

I will enter SHORT, placing a stop loss 1.3% above the entry price. 

SPY opened down -2,69% and I close the trade two minutes before the open with a 50,4% and 35,28% of gain in my two different accounts. Lucky bearish night!

From → Uncategorized

One Comment
  1. ciggiegrl permalink

    Nice one

    Sent from my iPod

    >

    Like

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