Bearish S&P pattern

This is a short term trading system setup. The current price pattern, low relative VIX and decline in bond prices has bearish implications for the S&P near term if the S&P futures open above Wednesdays high 912.7 .

This setup criteria is based on the big S&P contract not the ES .Entry criteria is based on the big S&P futures price 9:30 EST time open. You can get quotes here.The performance results are based on 1 large contract trades since 1982

If open is greater than 912.7 then Sell Short @ 912.7
Exit 1st profitable open or 2% stop loss

Out of the 7 short term trades that have hit since we started this blog, we made 9.5 pts from the May 7th short ,made 45.2 points on the long from April 1st , plus a 12pt win on the Feb 24th long entry, 15pt win on the Jan 15th long entry, lost 17.3 pts from Jan 13th long entry, lost 17 pts on November 18th, and made 52 pts on the win from October 28th Net, the short term system is up 99.4 pts in 7 trades.