Earlier today the Time & Sales on the SPY flashed three orders (just after 2p.m.) that totaled 10-million shares that were well below the market ($111.2854). The condition that this registers reads as "Filtered from Chart" and can mean at least two things as I understand it; bad ticks, resulting from an error in the data feed's algorithm, or a spread trade being transacted.Now, I'm assuming this must be an error in the data that's been filtered out, as the volume being filtered is way beyond the total shares registered at the times transacted. However, were did the SPY find support today? 111.28 of course! So, what gives?
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.