Wednesday 16 February 2011

200 day closing high on wed of opex week

Today we closed at 200 day highs, and it is Wednesday of opex week.  This has occurred only 8 times in the last 12 years.  On 8/8 occasions we traded the equivalent of  +2.5 ES points in today's market in the next session.  On 5/8 occasions we traded the equivalent of -2.5 of ES points in the next session.  Please note sample size v.small. 

However, I have a confluence of signals indicating a -2.5 print in the next globex session is a high probability trade. 

Please trade at your own risk. 

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