I've been able to spend a little more time around the computer this week as we get settled in from our move. There was an issue here with getting a faster internet connection, but as of yesterday the cable internet seems to be working great. So, I'm going to try and ease into this blogging thing again. Nothing too mind blowing, just a couple of observations.
SPY put in (and closed near) new '09 highs on waning momentum, but looks to be setting up for another momentum push higher.The Support/Resistance pivots I've been using continue to give me a good perspective on potential S/R levels, take today for instance:
Since I'm not fully up to pace this week that's all I have today.
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.