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Futures Trading Room – July the 11th Overnight Overview

July 13, 2016

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.

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