No idea up or down the next Monday. Two more short at close today, HOLD until test condition invalid setups though:
- SPY up 6 days in a row, short at close today, HOLD until the very first day SPY closes in red, you have 72% chances to make money with profit factor 3.5 which is very good.
- SPY closed above BB to for 3 days in a row, short at close today, HOLD until the very first day SPY closes below BB top, you have 64% chances to make money with profit factor 2.4 which is not bad.
By the way, RSI(2) closed above 99 for 1 day, short at close today, HOLD until the very first day RSI(2) closes below 99, you have 59% chances to make money with profit factor 0.9 which is very bad.
Routine statistics about SPY up 1 week.
- Higher high ahead the next week 78% of the time, so bulls should be OK to hold positions over the weekend.
Routine statistics about SPY up 6 days in a row. The is about exactly the next day, not HOLD until.
Bullish Percentages are strong:
http://stockcharts.com/freecharts/candleglance.html?$BPNYA,$BPCOMPQ,$BPOEX,$BPNDX,$BPSPX,$BPINDU,$BPFINA,$BPENER|B|
Ellipses and cycles on several time frames suggest a good move next week. Diffiuclt to assess the direction.
https://uploads.disquscdn.com/images/58e33530bd77a7b2ab716c4e9a8397d172513c078b46b3422a0f4ff7fdf523db.png