today is the 22nd day above the 8 day MA with the 8 length %R
above 90%. The stats show 88% winning trade, if one shorted
today and closed the position when price closed back below the 8
day MA
HOWEVER if the condition holds tomorrow, the 23rd day, the odds
jump up to 100% winning trade, these stats are for the SPX cash
going back 30 years. Max draw down was only 1.4%
so basically, if price holds up tomorrow, we'll have a condition
that has only occurred 6 times in the last 30 years on the SPX
cash, and within 4 - 5 trading days price closed back below the 8
day Ma for a 100% condition.
today is the 22nd day
Will any of the SPY systems short this market?
Posted by matt on 18th of Nov 2014 at 03:47 pm
today is the 22nd day above the 8 day MA with the 8 length %R above 90%. The stats show 88% winning trade, if one shorted today and closed the position when price closed back below the 8 day MA
HOWEVER if the condition holds tomorrow, the 23rd day, the odds jump up to 100% winning trade, these stats are for the SPX cash going back 30 years. Max draw down was only 1.4%
see the image
so basically, if price holds
Posted by matt on 18th of Nov 2014 at 03:50 pm
so basically, if price holds up tomorrow, we'll have a condition that has only occurred 6 times in the last 30 years on the SPX cash, and within 4 - 5 trading days price closed back below the 8 day Ma for a 100% condition.
Sounds like a good spot
Posted by jreeves197 on 18th of Nov 2014 at 03:49 pm
Sounds like a good spot for some of those vix etf's.. tvix, uvxy. Thoughts?