Yesterday we had a down volume to up volume ratio of greater than 9:1. In addition we had a low volume day. Most extreme up/down volume ratio days are marked with good volume, yesterday’s was not. In fact yesterday’s volume was the lowest for the 5 trading days.
This trade is based on that event, a –9:1 down volume with a 5 day low volume. For the last 10 years that has happened only 4 times.
There is a 10 day window bias to the upside and this is best trade:
Rules:
1. Buy SPY at or below the open
2. Sell when a 2.5% profit target is hit
3. or 7 trading days later which ever come first
This is another in our series of 10 day trades were we find the best high probability setups for some short term gain.
You could spice things up a bit and use leveraged ETFs, I chose not to since the number of trades is so few.
>>>> List of ten day trades <<<<<
disclaimer:
These trades are back-tested and no one can predict what happens in the future. There is a small test sample and I may or may not take the trade. I present this as pure research and education. If you take the trade and it turns out badly you have been warned. If it turns out great than you are welcome. I believe the data to be accurate but I am only human so you should verify these trades yourself.
@RedlionTrader
Supported by: seo expert from MENSK, Love and Relationships Forum, Dog Raincoats
