Last week, High probability traders paid close attention to the increasingly overbought condition of a number of widely-traded exchange-traded funds (ETFs), which traded below the 200-day moving average. Here’s a look back at a few of those opportunities.

When it comes to markets falling below their 200-day moving averages, traders should keep in mind these high probability trading strategies, which have been well-rewarded with high win-rates and milder drawdowns.

Why avoid trading near the 200-day moving average? And why should high probability trades look to the end of the month for opportunities to take advantage of a real, quantified, short term edge? Today’s report touches on a couple of points that high probability traders should keep in mind over the next few days.

If a picture tells a thousands words, then what do you think short term traders are making of the picture that is yesterday’s intraday reversal off the worst levels of the day? Here’s a look at the few stocks that have closed in oversold territory, as well as a handful of exchange-traded funds that have earned multiple signals from our High Probability ETF Trading Software.