Reply To: Technical Index Trading & Analysis

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#3382
RS2OOO
Keymaster

From Cobra:

Since the year 2013, whenever SPY down 2 days in a row, you buy at close, HOLD until the very first day SPY closes in green, you have 86% chances to make money. The gain to loss ratio is 0.5, so the profit factor is: 86 / ( 100 – 86 ) * 0.5 = 3.07 which is pretty good.

The first trading day of a month is no longer bull friendly, down 7 of the last 9 or 12 of the last 17