The Asian markets sold off pretty hard over the course of their Monday session. It felt a little strange that we didn't have a reaction to that in either direction (no hard sell-off, no rally).
Q's, DIA, SPY all gapped down at the open, eventually to be filled.
Can you believe that selling in the last 15-minutes? WTF?!?
Here's the old standby QLD on a 5-minute chart:It looked a little cleaner today on a 500,000-share bar chart:
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
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