Futures Trading Room – Overnight Overview of January the 24th 2016
This is the alert I sent on Friday:
If SPY closes above today’s open at 189,78 the following patterns will trigger:
SHORT PATTERNS 162-299-380-395 (BOLLINGER-VIX-PRICE-VOLUME)
If that happens I will enter SHORT.
Note: 24.5 points of ES = stop loss
An interesting pattern for tonight:
Today is Friday, we are below 200 SMA (close), O0>H1, O1>C2, O1
It happened only 3 times in the past 22 years, all three nights were bearish.
The night performed steadily bearish, not a big one, I closed with a profit of 7% and 5% on my two different accounts.