Bullish S&P setup

This is a short term trading setup.
The current oversold market condition , price pattern, spike in VIX and spike in bond prices set up a short term bullish scenario for the S&P, if tomorrow October 1st the S&P futures open below 1049 then rally above 1053.4. This pattern has made money 524 times out of the 53 occurrences since 1982.The 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 below 1049 then buy at 1053.4
Exit 1st profitable open or 2% stop loss


Out of the 11 short term trades that have hit since we started this blog, we made 6.2 pts from the September 2nd long, we lost 18.8pts from the short on July 20th, we made 17 pts from the long on July 9th, made 14.8pts from the short on June 5th, 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 made money on 8 out of 11 trades for a total gain of 118.6 pts.