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
I am always open to questions, comments, or suggestions on how to improve this blog.

Tuesday, September 22, 2009

Tuesday Chop

Looking at the last four SPY sessions we see a familiar pattern that is similar to a morning star reversal pattern. Price gaps down one day followed by a gap up in the other direction the next day, extending the upward price trajectory yet again.
Doesn't get any more straightforward than understanding the slightest of lows getting bought.

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