Sunday 6 February 2011

When Friday closes above 200 day high.

On Friday the S&P 500 cash index closes above the previous days 200 day high.  When this has happened historically, there has been a mild upside bias at some point in the next session.  To demonstrate this, below is an equity curve of a strategy that goes long 1 es emini contract on the open of the Sunday's session and takes profits equivalent to 3.25 points in today's market.



As always, this is just one of many factor to consider in tomorrows trading.

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