Futures Trading Room – July the 11th Overnight Overview
Below is the alert I sent to subscribers:
If SPY closes above yesterday’s close at 212,7 the following patterns will trigger:
SHORT PATTERNS 72-141-142-176-211-258-269-357 (PRICE-VIX-RSI)
ODDS MAP 0,07 – 19 – 21
If that happens, I will enter SHORT.
Notes:
Stop Loss = 28 ES points
Take Profit = none
Calendar seasonality is neutral but the ODDS MAP is extremely bearish.
I updated the results sheet with this trade. SPY gapped up again made the third gap up in a row with new all time highs. There was nothing wrong with this trade decision, just the odds didn’t play out. Difficult trades and difficult times. That’s it.