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.

Monday, September 10, 2012

Mon. 8_10

Today's SPY:
The upper-most purple horizontal line indicates the overnight highs from Friday, as it was a failure point on Friday as well.

 A key to the chart above as to what the horizontal lines represent.  The Fib. projections are based off of the overnight range high/low:

     Something else I usually have on screen is the Advance/Decline difference for the S&P500 (top chart) and the Up/Down Volume difference (bottom chart) for the S&P500.  What I'm most interested in is the interaction with the zero line (horizontal teal) and how deeply positive or negative the index is for the day.  Volume started negative and trended that way all day.  While with the Advance/Decline, the zero-line highlighted a good support-turned-Resistance pivot:

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