Two setups in the SPY. The first I traded, the second I missed.
The first setup was in anticipation of 3a criteria (price moving higher to test resistance (inverse H&S on 5min)
The second setup was anticipation of the continued bearish sentiment after resistance was rejected. Two potential entries but the seed wave Fib. projections are based off of the second entry
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.