A few observations throughout today's session.
Negative TICKs far outweighed positive TICKS considering we were at over 2-year highs. Also of note is the fact that we gaped up yet again on a weak positive TICK.
The advancing vs. declining issues were trending down all day long
While the Up-Down Volume did get bullish, but again diverged from the previous two days
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.