12/09/2016 Next Day Edges


No idea up or down the next Monday. Two more short at close today, HOLD until test condition invalid setups though:

  • SPY up 6 days in a row, short at close today, HOLD until the very first day SPY closes in red, you have 72% chances to make money with profit factor 3.5 which is very good.

4

  • SPY closed above BB to for 3 days in a row, short at close today, HOLD until the very first day SPY closes below BB top, you have 64% chances to make money with profit factor 2.4 which is not bad.

3

By the way, RSI(2) closed above 99 for 1 day, short at close today, HOLD until the very first day RSI(2) closes below 99, you have 59% chances to make money with profit factor 0.9 which is very bad.

5

Routine statistics about SPY up 1 week.

  • Higher high ahead the next week 78% of the time, so bulls should be OK to hold positions over the weekend.

2

Routine statistics about SPY up 6 days in a row. The is about exactly the next day, not HOLD until.

1

1 Comment on "12/09/2016 Next Day Edges"
  1. Comment left on:
    December 9, 2016 at 5:44 pm
    uempel says:

    Bullish Percentages are strong:

    http://stockcharts.com/freecharts/candleglance.html?$BPNYA,$BPCOMPQ,$BPOEX,$BPNDX,$BPSPX,$BPINDU,$BPFINA,$BPENER|B|

    Ellipses and cycles on several time frames suggest a good move next week. Diffiuclt to assess the direction.

    https://uploads.disquscdn.com/images/58e33530bd77a7b2ab716c4e9a8397d172513c078b46b3422a0f4ff7fdf523db.png

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