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
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Monday, July 18, 2011

Posted this chart a few times last week as it updated.  We broke down from our up-trend line and are in a throw-back process that coincides with a down trend line.  TICK is diverging positively so far.
Price has reached the measured move from the H & S pattern mentioned last week and filled the gap left from 6/28 coinciding with a 61.8% retracement

Had a bunch of support levels close together at these 1290 levels on the ES, corresponding to the 61.8% Fib. retrace

The ES came just shy of a 150% projection off of its seed wave setup and continues to test lower

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