Nothing has really changed.
SPY - weekly with a 3x higher time frame overlay. Higher time frame fast line has crossed below slow line (price can still move higher). The trend is still viewed as strong and each test of the 20-week MA has been bought.
IWM - still negative for the year
QQQ - beast mode
The setups I include on this blog are used in conjunction with the 3/10macd and the criteria I ascribe to it as a way to alert me to an existing condition of price. The key concept to take away from this blog is that I try to anticipate what will happen on the higher time frame by using a faster time frame to trigger the trade setup. I do not trade a "system" I use two indicators to clue me in to price conditions. Please read the Disclaimer located in the sidebar of this site. I can be contacted via email at firstname.lastname@example.org
I am always open to questions, comments, or suggestions on how to improve this blog.
Saturday, August 16, 2014
Friday, August 1, 2014
SPY - break away gap after symmetrical cycle consolidation
DIA - back to the start of 2014
IWM - three pushes to a low?
IYT - reverse divergence building, should have a strong bounce
NYSE 52-week High/Low differential. Most recent negative readings resulted in a bounce, otherwise it has often marked steeper corrections.
McClellan oscillator lowest in quite some time
at 12:07 AM