Yesterday the SPY and OXY printed 2x bars
SPY- In the image below, the teal bar signifies a real body that is at least 2-times greater than the previous bar. Incidentally, the purple line is the LML of a long-term pitchfork.
intra-day price didn't quite reach the previous real body midpoint, but Oh so close:
Similar story with OXY
intraday, ALMOST tagged the 50% midpoint, triple top within a penny:
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.