The regular $SPY forecast has today turned up a new profitable pattern to use as a screen for trading opportunities. Unlike the previous pattern, #JBFC, this new one, #YGAY, looks to work best at a Neutral or Strong match.
At the Strong match, the pattern played a consistent 60%+ probability for a higher close over each of the next 5 bars after pattern completion, and offered a 39% probability for a 15% gain against a 5% stop loss.
Some of the S&P components exhibiting this pattern include:
You can see in the GOOG example, the stock is already up 3.6% from when the pattern triggered on Monday.