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Futures Trading Room – Overnight Overview of September the 15st 2017

October 9, 2017

Here’s what I sent to subscribers:

If today’s SPY close is above today’s open the following patterns will trigger:

SHORT PATTERNS 27-98-113 (PRICE-VOLUME)

ODDS MAP 0,47 – 40 – 101

STOP LOSS = 31 ES points

TAKE PROFIT = none 

If the above rule triggers, I will enter SHORT.

Notes:

Last Friday we had a strong unfilled up gap. The Friday before we had an unfilled gap down. Today’s close is above today’s open. 

This only happened once in the past 24 years. And it was a bearish night. This rare pattern should increase the odds in our favour.

Despite good odds and an interestingly-rare pattern, the market played against us.

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