A simple, new strategy that worked just fine last month. As follows:
A NEW BUY signal is triggered when Price sets a Higher High AND a Higher Low (Daily SPX candle).
A NEW SELL signal is activated when Price sets a Lower High AND a Lower Low compared to the previous day.
Act on a NEW BUY/SELL signal at the open the next day (future) and set the stop loss and take profit @ 1%.
Since the end of June, this strategy was put to work 16 times, of which 11 trades where profitable and 5 were losers, still a decent 6% return ex transaction cost.
Click here for an overview of the Strategy and when a NEW BUY signal will be activated.