Larry Connors RSI 10 Pullback On S&P 500 Daily 🎯

Stop buying tops and getting trapped on every market dip. Most stock traders lose money because they buy random pullbacks without an objective trend filter and an oversold measurement.

Here is the exact mechanical system designed by Larry Connors and tested by Rayner Teo for trading high-probability stock dips:

1️⃣ DAILY S&P 500 BENCHMARK
Pull up the S&P 500 index on the daily chart. Major institutions move billions of dollars on daily candles, giving clean, reliable signals.

2️⃣ 200 SMA TREND FILTER
Click the Indicators button at the top and add a 200-period Simple Moving Average.
Only take long trades when price is trading above this 200-day average line.

3️⃣ 10-PERIOD RSI OSCILLATOR
Add the Relative Strength Index (RSI) with a 10-period setting.
Wait for price to pull back until the 10-period RSI dips below 30 into oversold territory.

4️⃣ EXECUTE ON THE OPEN
When the daily candle closes with RSI below 30, enter long at the market open of the next trading day.

5️⃣ TWO EXIT RULES
Exit your position when the 10-period RSI climbs back above 40 (quick mean reversion), or close the trade after 10 trading days maximum.

📊 THE SOURCE’S OWN CLAIM:
Rayner Teo reports an 88.89% win rate over 20+ years of backtested S&P 500 data (36 trades, 32 wins, 4 losses) — the source’s own backtested claim.

🤖 FREE EA & TRADINGVIEW PINE SCRIPT:
Download the exact MT5 Expert Advisor and Pine Script code here:
https://files.catbox.moe/socn7p.zip

On Instagram (@originexplainscharts): follow and comment CONNORS and the bot DMs it to you. Direct download link above and in the pinned comment.

#daytrading #tradingview #rsi #sp500 #stocktrading #technicalanalysis #tradingstrategy #priceaction #meanreversion #larryconnors

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