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, December 4, 2013

SPY channels

Posted this chart elsewhere yesterday; wanted to include it here.
The norm in this market has been very narrow yet relentless upward channels.  But once these channels break it has often been the case to enter into a longer period of correction and/or consolidation.
The broader perspective:

A closer look at the most recent channels:

Lower channel held; coincided with 20-day MA

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