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.

Wednesday, May 2, 2012

Wed. 5_2

The SPY is still hanging in there around the apex of the "W" pattern.  A neutral but bullish leaning bias with price between the $139.5-$141 level.  Above $141 may bring fresh highs, but under $139 could lead to a gap fill  from the 25th.

there remains the potential for this Head & Shoulders to play out

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