đŻ HISTORICAL EDGE - AWAITING PULLBACK đŽ
đ Hey team!
Yesterday we saw interesting pattern forming. The NASDAQ Advancers have outnumbered the Decliners by at least 3:2 for 3 consecutive days in a row.
đWe decided to backtest this strategy...as you know waaaaay back since 1999
âŹïž âŹïž âŹïž RESULT âŹïž âŹïž âŹïž
Edge appears bearishđŽ . Nearly 57.3% we have had a down move in the SPX the next day.
The times where we have followed this setup with an up day âïž produce about half the moves than the times we have followed this setup with a down day đ (aka LOSERS > WINNERS).
Is this a trade idea? No
What is it? A general historical view of how the markets will perform.So does the market so do the stocks in it. So our historical edge is leaning bearish. Hence, we ought to dial that in our position sizing.
Do not forget đ° cash is a position.
You have been warned â ïž
Yesterday we saw interesting pattern forming. The NASDAQ Advancers have outnumbered the Decliners by at least 3:2 for 3 consecutive days in a row.
đWe decided to backtest this strategy...as you know waaaaay back since 1999
âŹïž âŹïž âŹïž RESULT âŹïž âŹïž âŹïž
Edge appears bearishđŽ . Nearly 57.3% we have had a down move in the SPX the next day.
The times where we have followed this setup with an up day âïž produce about half the moves than the times we have followed this setup with a down day đ (aka LOSERS > WINNERS).
Is this a trade idea? No
What is it? A general historical view of how the markets will perform.So does the market so do the stocks in it. So our historical edge is leaning bearish. Hence, we ought to dial that in our position sizing.
Do not forget đ° cash is a position.
You have been warned â ïž
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đ I share my TRADING everyday here: discord.gg/gTmcqWyWWe
đ I sell premium indicators here: tradingviewindicators.net