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.

Thursday, April 5, 2012

Thurs. 4_5

The SPY ended the week in a position where anything can happen.  We're at the lower end of a channel where we either break down or test higher.

Drilling down further there seems to be potential bullish hope in the form of a 3d setup.  So, come Monday watching for strength through $140.20 for a potential gap fill overhead (gap fill would coincide with 100% projection of current seed wave).

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