The indexes have retraced approximately to their 38.2% from their lows on Friday to today's high's (or, in line with their 50-EMA on the 15-minute charts). Do we push any higher tomorrow? Do we test the 50% retracement? Do we dive lower? Is a double bottom in the cards?
The DJIAThe S&P500The Nasdaq Composite
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 email@example.com
I am always open to questions, comments, or suggestions on how to improve this blog.