How Many Times will the SPY SP500 Repeat the Same Pattern Intraday?

Feb 19, 2010: 5:49 PM CST

Maybe you’re asking the same question as I am:  “How many times will the SPY repeat the same script/pattern?”

What pattern is that, you ask?  Take a look at my prior post:

“Three Days in a Row Yields SPY Pattern Profit… or Peril.”

And… it happened again today (February 19, 2010).

The general script is as follows:

Morning Weakness
Morning Rally into 20/50 EMA confluence
Break Through EMA confluence
SHARP rally higher into new highs of session
5-wave Fractal into Negative TICK/Momentum Divergences
Sell-off/weakness into close

Without going into full detail or description (that’s what the subscriber Idealized Trades Reports are for), I wanted to show the charts of some of the recent days that exemplified this pattern.

February 11, 2010:

February10, 2010:

This type of historical pattern analysis is what I call “Character” or “Behavior” of the market, and it can give you the edge over other traders who do not take the time to study type-of-day structure and ‘characteristics’ that are occurring (as in what patterns, strategies are favored right now… and which are dis-favored).

Corey Rosenbloom, CMT
Afraid to Trade.com

Follow Corey on Twitter:  http://twitter.com/afraidtotrade

4 Comments

4 Responses to “How Many Times will the SPY SP500 Repeat the Same Pattern Intraday?”

  1. Greg Says:

    Nice stuff, thanks Cory.

  2. Meques Says:

    nice observation.
    I also revealed two similarities in the last sessions.
    check out last S&P 500 futures ($ES) session hour on friday, 19/02, and on wednesday, 17/02.
    Bullish internals; $add posting higher high; but ES firstly sliding to VWAP and than sharply pulling back to the upside.

  3. Meques Says:

    nice observation.
    I also revealed two similarities in the last sessions.
    check out last S&P 500 futures ($ES) session hour on friday, 19/02, and on wednesday, 17/02.
    Bullish internals; $add posting higher high; but ES firstly sliding to VWAP and than sharply pulling back to the upside.

  4. Market Follows Script Again with Failure to Fall and Popped Stops | Afraid to Trade.com Blog Says:

    […] Stops Feb 25, 2010: 5:51 PM CST // I’ve been asking the question, rhetorically, “How many times will the market repeat the same pattern,” (see prior post for previous examples) and the answer is “at least one more […]