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Futures Trading Room – Overnight Overview of September the 9th 2016

September 14, 2016

This is what I sent to subscriber the day of the crash:

More than 20 bullish patterns are triggering. And the ODDS SHEET shows really strong numbers. 

The exact number of patterns depends on the close price of SPY. 

We have weekend now too. All the price supports I looked at today didn’t hold. 

Looking at the long term chart, it looks like a big crash could imminent. Bollinger Bands start to diverge today after a long and strong compression.

Many patterns but too many negative factors to face. That’s why I’m not even writing the patterns code. 

It’s better staying OUT through the weekend. 

That was a prudent and right choice!

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