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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