The table below shows the historical 5 day performance of the S&P 500 futures after each of the above mentioned conditions were met. As a comparison to the current conditions I also show the 5 day S&P performance of the exact opposite of each one of todays conditions.
These performance statistics are based on the entire data history of the S&P 500 since 1982 based on trading 1 big S&P futures contract. The performance results are based on a 5 day holding period as the exit. For an explanation of the performance metrics click here.
In addition to the bullish conditions mentioned above the current price pattern in the S&P is also bullish. If tomorrow January 15th the S&P opens below todays high (853.5) and above todays low (832.5) then buy @ open + 6.3pts. Below are the historical performance results of the current pattern based on trading 1 big futures contract and using the exit and entry criteria described below.If open is greater than 832.5 and open is less than 853.5 then Buy @ open + 6.3 points
Exit 1st profitable open or 2% stop loss.
4 comments:
so just to make sure I understand you, are you saying since we opened above the low of yesterday, buy 6.3 points above the open if we get there? thanks
yes , 6.3 pts above todays open is a stop entry @ 842.3
You both have it right today's entry was @ 842.3
15 point profit on the trade. Nice call
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